Friends of Seguin Island Light Station

Analysis

Friends of Seguin Island Light Station is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in October 1991, 35 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 December 2023, Friends of Seguin Island Light Station reported income of $105k and spending of $89k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $105k (+9.9%), an average of +9.9% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Seguin Island Light Station sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include Friends of the Aurora Public Library ($105k), Alpha Rho Memorial Foundation ($105k) and Missouri Art Education Association ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $260k against liabilities of $4,424, net assets of $256k.