Moosehead Historical Society Inc

Analysis

Moosehead Historical Society Inc is a registered charity in United States, based in Greenville, ME. It received its IRS tax-exemption ruling in November 1971, 55 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, Moosehead Historical Society Inc reported income of $121k and spending of $153k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $121k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Moosehead Historical Society Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 35th percentile within ME. Charities of a similar size with the same main cause include Kings Four Ministries Inc ($121k), Madison Educational Assistance Fund Inc ($121k) and Southeastern Pennsylvania Symphony Orchestra Society Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $38k (25% of expenses). Other salaries and wages came to $26k. At year end it held assets of $1.7m against liabilities of $3,563, net assets of $1.7m. It reported 10 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.