Fifth Maine Regiment Museum

Analysis

Fifth Maine Regiment Museum is a registered charity in United States, based in Peaks Island, ME. It received its IRS tax-exemption ruling in September 1978, 48 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, Fifth Maine Regiment Museum reported income of $168k and spending of $163k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $168k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fifth Maine Regiment Museum sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Shakespeare Oxford Society ($168k), American Institute of Parliamentari Ans ($168k) and Reachout Ministries ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 12% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.7m against liabilities of $4,050, net assets of $1.7m. It reported 7 employees.