Mount Desert Island Historical Society

Analysis

Mount Desert Island Historical Society is a registered charity in United States, based in Mount Desert, ME. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mount Desert Island Historical Society reported income of $279k and spending of $338k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $284k to $279k (-1.8%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Desert Island Historical Society sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Altrusa International Foundation Inc ($279k), Revati Puranik Foundation ($279k) and Life Ministries ($279k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.4% of the total. Other salaries and wages came to $198k. At year end it held assets of $777k against liabilities of $0, net assets of $777k. It reported 6 employees.