Bangor Historical Society

Analysis

Bangor Historical Society is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in October 1998, 28 years ago. 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 December 2023, Bangor Historical Society reported income of $187k and spending of $92k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $187k (+212%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 213%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bangor Historical Society sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Pioneer Court Housing ($187k), Henry Home Association ($188k) and Little Legue Baseball Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $48k (53% of expenses). At year end it held assets of $620k against liabilities of $0, net assets of $620k. It reported 1 employees.