North Haven Maine Historical Society

Analysis

North Haven Maine Historical Society is a registered charity in United States, based in North Haven, ME. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2023, North Haven Maine Historical Society reported income of $75k and spending of $139k, spending 185% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $63k to $75k (+20%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 167% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Haven Maine Historical Society sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 22nd percentile within ME. Charities of a similar size with the same main cause include Cherry Creek School Distric Parent Teacher Community Council Inc ($75k), J M Brawner & H Brawner Trust Fund Ua 1000426 ($75k) and Praters Mill Foundation Inc ($75k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 11% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.2m against liabilities of $285, net assets of $1.2m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.