Hogfish Maine

Analysis

Hogfish Maine is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in May 2020, 6 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, Hogfish Maine reported income of $238k and spending of $296k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $238k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hogfish Maine sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Rain Taxi Inc ($238k), Fund for Lachat Town Farm Inc ($238k) and Opera Ithaca Incorporated ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $33k (11% of expenses). At year end it held assets of $70k against liabilities of $0, net assets of $70k.