York Harbor Reading Room Foundation

Analysis

York Harbor Reading Room Foundation is a registered charity in United States, based in York Harbor, ME. It received its IRS tax-exemption ruling in March 2010, 16 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, York Harbor Reading Room Foundation reported income of $85k and spending of $42k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $85k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, York Harbor Reading Room Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 26th percentile within ME. Charities of a similar size with the same main cause include Dakota Legacy ($85k), Hole in the Wall Company ($85k) and Ensemble Mik Nawooj ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $732k against liabilities of $0, net assets of $732k.