Brooks Preservation Society

Analysis

Brooks Preservation Society is a registered charity in United States, based in Brooks, ME. It received its IRS tax-exemption ruling in January 2009, 17 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, Brooks Preservation Society reported income of $305k and spending of $199k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $125k to $305k (+145%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 155%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brooks Preservation Society sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include Art Guild of Burlington Inc ($305k), Salisbury Wicomico Arts Council ($305k) and New Orleans Hispanic Heritage Foundation Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 73% of the total. At year end it held assets of $1.5m against liabilities of $778k, net assets of $678k.