Chebeague Island Historical Society

Analysis

Chebeague Island Historical Society is a registered charity in United States, based in Chebeague Is, ME. It received its IRS tax-exemption ruling in April 1987, 39 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, Chebeague Island Historical Society reported income of $116k and spending of $142k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $116k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chebeague Island Historical Society sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 35th percentile within ME. Charities of a similar size with the same main cause include Upper Arlington Commission on Aging ($116k), Thomas M Rotch Trust Uw ($116k) and Hi-Camp Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $26k. At year end it held assets of $888k against liabilities of $8,510, net assets of $880k. It reported 4 employees.