Maine Lighthouse Museum Inc

Analysis

Maine Lighthouse Museum Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in November 2003, 23 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 December 2022, Maine Lighthouse Museum Inc reported income of $184k and spending of $192k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $66k to $184k (+180%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Lighthouse Museum Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include India Childrens Press ($184k), India Association Cultural and Education Center of N Central FL I ($184k) and Palmetto Trust for Historic Preservation ($184k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.2% and program service revenue 54% of the total. Other salaries and wages came to $26k. At year end it held assets of $736k against liabilities of $389k, net assets of $347k. It reported 2 employees.