Bridgton Historical Society

Analysis

Bridgton Historical Society is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in December 1973, 53 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bridgton Historical Society reported income of $225k and spending of $144k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $54k to $225k (+319%), an average of +43% a year. The sharpest change came in the year to September 2022, when income rose by 583%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgton Historical Society sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Open Your Heart Inc ($225k), Little League Baseball Inc ($225k) and The Cortez Center Inc ($225k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 0.3% of the total. Other salaries and wages came to $68k. It paid $500 in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $185, net assets of $1.4m. It reported 2 employees.