Curran Homestead

Analysis

Curran Homestead is a registered charity in United States, based in Orrington, ME. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Curran Homestead reported income of $141k and spending of $155k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $141k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Curran Homestead sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Childrens Kiva Building Corporation ($141k), Island Cooperative Preschool ($141k) and National Guard Executive Directors Association ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $60k (39% of expenses). Other salaries and wages came to $26k. At year end it held assets of $2.7m against liabilities of $422k, net assets of $2.3m. It reported 6 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.