Historical Society of Wells and Ogunquit Inc

Analysis

Historical Society of Wells and Ogunquit Inc is a registered charity in United States, based in Wells, ME. It received its IRS tax-exemption ruling in May 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historical Society of Wells and Ogunquit Inc reported income of $151k and spending of $98k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $151k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historical Society of Wells and Ogunquit Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include Ernie Hall Aviation Museum Inc ($151k), Florida Association of Museums Foundation Inc ($151k) and Change the Play Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.4% of the total. At year end it held assets of $364k against liabilities of $2,292, net assets of $361k.