Maine Music Society

Analysis

Maine Music Society is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in September 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Maine Music Society reported income of $94k and spending of $92k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $99k to $94k (-4.7%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 97% 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 Music Society sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 29th percentile within ME. Charities of a similar size with the same main cause include American Society of Military History Inc ($94k), Hogansville Charitable Trust Inc ($94k) and Corona Symphony Orchestra ($94k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 47% of the total. At year end it held assets of $74k against liabilities of $15k, net assets of $59k.