Lovell Historical Society

Analysis

Lovell Historical Society is a registered charity in United States, based in Lovell, ME. It received its IRS tax-exemption ruling in March 1997, 29 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 (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, Lovell Historical Society reported income of $151k and spending of $76k, leaving 50% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $55k to $151k (+174%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lovell Historical Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include Lookingglass Playhouse of Lebanon ($151k), Cherry Creek Theatre Company ($151k) and Ground Floor Artists ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 8.6% of the total. Other salaries and wages came to $5,000. At year end it held assets of $674k against liabilities of $0, net assets of $674k. It reported 3 employees.