Harpswell Heritage Land Trust

Analysis

Harpswell Heritage Land Trust is a registered charity in United States, based in Harpswell, ME. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Harpswell Heritage Land Trust reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $358k to $1.9m (+432%), an average of +40% a year. The sharpest change came in the year to December 2019, when income rose by 108%. Over the whole period it spent 57% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Harpswell Heritage Land Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Hartford Land Bank Inc ($1.9m), Controlled Release Society Inc ($1.9m) and Washington Resource Conservation and Development Council ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $72k (4.3% of expenses). Other salaries and wages came to $165k. At year end it held assets of $7.3m against liabilities of $8,548, net assets of $7.3m. It reported 11 employees.