Poland Spring Preservation Society

Analysis

Poland Spring Preservation Society is a registered charity in United States, based in Poland Spring, 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, Poland Spring Preservation Society reported income of $110k and spending of $149k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $140k to $110k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poland Spring Preservation Society sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include Exceptional Equestrians Unlimited Inc ($110k), Topeka High School Historical Society Inc ($110k) and National Association of Housing & Redevelopment Officials ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 4.8% of the total. Other salaries and wages came to $73k. At year end it held assets of $737k against liabilities of $619, net assets of $736k. It reported 9 employees.