Vaughan Woods and Historic Homestead

Analysis

Vaughan Woods and Historic Homestead is a registered charity in United States, based in Hallowell, ME. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Vaughan Woods and Historic Homestead reported income of $316k and spending of $499k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $244k to $316k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 170% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vaughan Woods and Historic Homestead sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include For the Cause Inc ($316k), Upavim Community Development Foundation ($316k) and Guadalupe Home & School Club ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $62k (12% of expenses). Other salaries and wages came to $190k. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m. It reported 6 employees.