Boothbay Region Historical Society

Analysis

Boothbay Region Historical Society is a registered charity in United States, based in Boothbay Harbor, ME. It received its IRS tax-exemption ruling in December 1968, 58 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 April 2024, Boothbay Region Historical Society reported income of $128k and spending of $103k, leaving 20% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $99k to $128k (+29%), an average of +6.6% a year. The sharpest change came in the year to April 2022, when income rose by 22%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boothbay Region Historical Society sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Friends of the Aiken County Public Library ($128k), Heights Emergency Food Center Inc ($128k) and The Norfolk Street Choir Project Inc ($128k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 49% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $894 (0.9% of expenses). Other salaries and wages came to $52k. At year end it held assets of $975k against liabilities of $1,663, net assets of $973k. It reported 4 employees.