Maine Forest & Logging Museum Inc

Analysis

Maine Forest & Logging Museum Inc is a registered charity in United States, based in Bradley, ME. It received its IRS tax-exemption ruling in November 1962, 64 years ago. 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 December 2023, Maine Forest & Logging Museum Inc reported income of $89k and spending of $94k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $89k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maine Forest & Logging Museum Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 27th percentile within ME. Charities of a similar size with the same main cause include United Way of Hocking County ($89k), Albuquerque Center for Peace and Justice ($89k) and New Surry Repertory Theatre and Acting School Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $36k. At year end it held assets of $899k against liabilities of $25k, net assets of $873k. It reported 1 employees.