First Amendment Museum at the Gannett House

Analysis

First Amendment Museum at the Gannett House is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in March 2023, 3 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, First Amendment Museum at the Gannett House reported income of $891k and spending of $536k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2018 to December 2020, income grew from $732k to $891k (+22%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Amendment Museum at the Gannett House sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Portland Baroque Orchestra ($891k), Sound Experience ($891k) and Common Chord ($890k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $282k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 4 employees.