Society of Mayflower Descendants in the State of Maine

Analysis

Society of Mayflower Descendants in the State of Maine is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in January 1995, 31 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, Society of Mayflower Descendants in the State of Maine reported income of $66k and spending of $94k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $11k to $66k (+488%), an average of +488% a year. The sharpest change came in the year to December 2023, when income rose by 488%. Over the whole period it spent 254% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Mayflower Descendants in the State of Maine sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 19th percentile within ME. Charities of a similar size with the same main cause include Electric City Playhouse ($66k), Chatterbird ($66k) and Friends of the Morrill Homestead Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $3,000 (3.2% of expenses). At year end it held assets of $303k against liabilities of $0, net assets of $303k.