Bethel Historical Society

Analysis

Bethel Historical Society is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in June 1998, 28 years ago. 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, Bethel Historical Society reported income of $127k and spending of $150k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $138k to $127k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income rose by 152%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Historical Society sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 36th percentile within ME. Charities of a similar size with the same main cause include Floyd County 4-H Club Corp ($127k), National Association of Charitable Gift Planners ($127k) and Brothers Helping Brothers Relieffund ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.4m against liabilities of $717, net assets of $1.4m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.