Maine Preservation

Analysis

Maine Preservation is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in June 1976, 50 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 March 2024, Maine Preservation reported income of $468k and spending of $491k, spending 105% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $539k to $468k (-13%), an average of -2.8% a year. The sharpest change came in the year to March 2021, when income rose by 74%. Over the whole period it spent 101% 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 Preservation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Scenic City Clay Arts ($468k), Academic Advisory Council for Signage Research and Education Inc ($468k) and Edmonds Driftwood Players ($468k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 78% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $110k (22% of expenses). Other salaries and wages came to $213k. At year end it held assets of $988k against liabilities of $8,063, net assets of $980k. It reported 8 employees.