Kennebec Historical Society

Analysis

Kennebec Historical Society is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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, Kennebec Historical Society reported income of $118k and spending of $125k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $145k to $118k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennebec Historical Society sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 35th percentile within ME. Charities of a similar size with the same main cause include Little League Baseball Inc ($118k), Virginia Congress of Parents and Teachers ($118k) and Open Arms Community of El Paso ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $50k (40% of expenses). Other salaries and wages came to $2,125. At year end it held assets of $858k against liabilities of $2,736, net assets of $856k. It reported 3 employees.