Islesboro Historical Society

Analysis

Islesboro Historical Society is a registered charity in United States, based in Islesboro, ME. It received its IRS tax-exemption ruling in September 1972, 54 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, Islesboro Historical Society reported income of $83k and spending of $51k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $83k (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islesboro Historical Society sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 25th percentile within ME. Charities of a similar size with the same main cause include Town of Wappinger Little League Association Inc ($83k), United Way of Boone County Inc ($83k) and Volunteer Council for the Austin State School ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $9,000. At year end it held assets of $586k against liabilities of $262, net assets of $585k. It reported 1 employees.