Stanley Museum Inc

Analysis

Stanley Museum Inc is a registered charity in United States, based in Kingfield, ME. It received its IRS tax-exemption ruling in June 1987, 39 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, Stanley Museum Inc reported income of $67k and spending of $103k, spending 152% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $80k to $67k (-16%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stanley Museum Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 20th percentile within ME. Charities of a similar size with the same main cause include Marietta Museum of History Inc ($67k), Portland Blues & Jazz Dance Society ($67k) and The Womens Jewelry Association Foundation Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $16k (15% of expenses). At year end it held assets of $720k against liabilities of $1,005, net assets of $719k. It reported 7 employees.