Boothbay Harbor Waterfront Preservation

Analysis

Boothbay Harbor Waterfront Preservation is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Boothbay Harbor Waterfront Preservation reported income of $1.3m and spending of $396k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $1.3m (-62%), an average of -21% a year. The sharpest change came in the year to December 2023, when income rose by 371%. Over the whole period it spent 15% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Boothbay Harbor Waterfront Preservation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include West Virginia Rivers Coalition Inc ($1.3m), Greener Partners ($1.3m) and Kansas City Community Gardens Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $6.8m against liabilities of $822, net assets of $6.8m.