Castine Scientific Society

Analysis

Castine Scientific Society is a registered charity in United States, based in Castine, ME. It received its IRS tax-exemption ruling in November 1964, 62 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 December 2023, Castine Scientific Society reported income of $556k and spending of $699k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $679k to $556k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income rose by 214%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Castine Scientific Society sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Artfest Fort Myers Inc ($556k), Hmong Cultural Center of Minnesota ($556k) and Read to Me International Foundation ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 0.2% of the total. Other salaries and wages came to $262k. At year end it held assets of $21.2m against liabilities of $484k, net assets of $20.7m. It reported 15 employees.