Lincoln County Historical Association

Analysis

Lincoln County Historical Association is a registered charity in United States, based in Wiscasset, ME. It received its IRS tax-exemption ruling in July 1955, 71 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lincoln County Historical Association reported income of $231k and spending of $131k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $231k (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lincoln County Historical Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ME. Charities of a similar size with the same main cause include Newcomb Historical Museum Inc ($231k), Wabash Valley Dance Theatre ($231k) and Olde World Historical Council Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $40k (30% of expenses). At year end it held assets of $794k against liabilities of $169, net assets of $794k. It reported 4 employees.