Scarborough Historical Society Inc

Analysis

Scarborough Historical Society Inc is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in November 1971, 55 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 December 2023, Scarborough Historical Society Inc reported income of $129k and spending of $48k, leaving 63% of income unspent that year. Across the 2 years on record, from March 2023 to December 2023, income fell from $3.5m to $129k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 3.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scarborough Historical Society Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Impossible Dream Inc ($129k), Historical Society of Old Yarmouth ($129k) and Bethlehem House Inc ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.