Friends of the Doubling Point Light

Analysis

Friends of the Doubling Point Light is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in February 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Friends of the Doubling Point Light reported income of $52k and spending of $2,129, leaving 96% of income unspent that year. Across the 2 years on record, from September 2023 to September 2024, income grew from $20k to $52k (+167%), an average of +167% a year. The sharpest change came in the year to September 2024, when income rose by 167%. Over the whole period it spent 27% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Doubling Point Light sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include North American Deer Farmers Assoc Cervid Livestock Foundation ($52k), New Legacy Cultural Center Inc ($52k) and Seminole Cultural Arts Council ($52k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.