Freeport Historical Society

Analysis

Freeport Historical Society is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in March 1977, 49 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, Freeport Historical Society reported income of $191k and spending of $260k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $191k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freeport 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 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include The Guild of Tehachapi Healthcare District ($191k), Alpha Community Center ($191k) and Educational Development Group Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $69k (27% of expenses). Other salaries and wages came to $75k. At year end it held assets of $2.0m against liabilities of $5,149, net assets of $2.0m. It reported 3 employees.