Patten Lumbermens Museum

Analysis

Patten Lumbermens Museum is a registered charity in United States, based in Patten, ME. It received its IRS tax-exemption ruling in July 2014, 12 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, Patten Lumbermens Museum reported income of $67k and spending of $95k, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $100k to $67k (-33%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patten Lumbermens Museum sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 19th percentile within ME. Charities of a similar size with the same main cause include Gurung Tamu Society Inc ($67k), State Capitol Foundation Inc ($67k) and Pocatello Art Center ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $30k (32% of expenses). Other salaries and wages came to $4,828. At year end it held assets of $808k against liabilities of $0, net assets of $808k. It reported 4 employees.