Museum at Portland Head Light

Analysis

Museum at Portland Head Light is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in March 1993, 33 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Museum at Portland Head Light reported income of $355k and spending of $233k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $308k to $355k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum at Portland Head Light sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include Louisiana Veterans Museum Foundation ($355k), Camarada Inc ($355k) and Premier Lone Star Wind Orchestra ($355k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 16% of the total. At year end it held assets of $491k against liabilities of $77k, net assets of $414k.