Georgetown Historical Society

Analysis

Georgetown Historical Society is a registered charity in United States, based in Georgetown, ME. It received its IRS tax-exemption ruling in January 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 June 2023, Georgetown Historical Society reported income of $50k and spending of $61k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $99k to $50k (-49%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgetown Historical Society sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 13th percentile within ME. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($50k), Cupertino Library Foundation ($50k) and Inverness Foundation 15 Park Ave ($50k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 2.3% of the total. At year end it held assets of $822k against liabilities of $52, net assets of $822k.