Souls Harbor Inc Main RD

Analysis

Souls Harbor Inc Main RD is a registered charity in United States, based in Corinth, ME. It received its IRS tax-exemption ruling in September 1978, 48 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, Souls Harbor Inc Main RD reported income of $130k and spending of $154k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $130k (-7.9%), an average of -2.0% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Souls Harbor Inc Main RD sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Instituto de Cultura Y Arte in Xochitl in Cuicatl ($130k), Superior Arts Youth Theater ($130k) and Dauphin Restoration Society Inc ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (46% of expenses). At year end it held assets of $229k against liabilities of $58k, net assets of $171k. It reported 2 employees.