Sagadahoc Preservation Inc

Analysis

Sagadahoc Preservation Inc is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in February 1994, 32 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 September 2024, Sagadahoc Preservation Inc reported income of $58k and spending of $70k, spending 121% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $71k to $58k (-18%), an average of -4.0% a year. The sharpest change came in the year to September 2023, when income rose by 657%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sagadahoc Preservation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 16th percentile within ME. Charities of a similar size with the same main cause include Save Our Kids Music ($58k), Lake County Theatre Company ($58k) and Thai Cultural and Fine Arts Institute ($58k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.