Maine Historical Society

Analysis

Maine Historical Society is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maine Historical Society reported income of $1.8m and spending of $2.7m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 162%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Historical Society sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include American Precision Museum Association ($1.8m), Atlantic White Shark Conservancy Inc ($1.8m) and Media Arts Center San Diego ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $121k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.6m against liabilities of $1.7m, net assets of $12.9m. It reported 37 employees.