Damariscotta Historical Society

Analysis

Damariscotta Historical Society is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in December 2004, 22 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 September 2023, Damariscotta Historical Society reported income of $76k and spending of $26k, leaving 66% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $309k to $76k (-75%), an average of -76% a year. The sharpest change came in the year to September 2023, when income dropped by 75%. Over the whole period it spent 13% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Damariscotta Historical Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 22nd percentile within ME. Charities of a similar size with the same main cause include Vintage Ag Association Inc ($76k), Scott-Carver Old Threshers Association ($76k) and Danzactiva Inc ($76k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 8.7% of the total. At year end it held assets of $351k against liabilities of $550, net assets of $351k.