Rufus Porter Museum Inc

Analysis

Rufus Porter Museum Inc is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in September 2006, 20 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, Rufus Porter Museum Inc reported income of $735k and spending of $155k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $735k (+597%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 793%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rufus Porter Museum Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Where Angels Play Foundation ($734k), Aquila Theatre Company ($735k) and Historical and Cultural Society of Clay County ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $34k (22% of expenses). Other salaries and wages came to $32k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 6 employees.