Yarmouth Historical Society

Analysis

Yarmouth Historical Society is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in November 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 June 2023, Yarmouth Historical Society reported income of $370k and spending of $318k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $315k to $370k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yarmouth Historical Society sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Broadmoor Improvement Association Incorporated ($370k), Century Promise ($370k) and Iowa Abortion Access Fund ($370k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $83k (26% of expenses). Other salaries and wages came to $76k. At year end it held assets of $5.8m against liabilities of $293, net assets of $5.8m. It reported 6 employees.