Rangeley Lakes Heritage Trust Inc

Analysis

Rangeley Lakes Heritage Trust Inc is a registered charity in United States, based in Rangeley, ME. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Rangeley Lakes Heritage Trust Inc reported income of $6.6m and spending of $3.4m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $675k to $6.6m (+876%), an average of +77% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 45% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Rangeley Lakes Heritage Trust Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include San Francisco Botanical Garden Society at Strybing Arboretum ($6.6m), U S Water Alliance ($6.6m) and Garden Conservancy Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $135k (4.0% of expenses). Other salaries and wages came to $330k. At year end it held assets of $22.5m against liabilities of $440k, net assets of $22.1m. It reported 30 employees.