Bomazeen Land Trust

Analysis

Bomazeen Land Trust is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bomazeen Land Trust reported income of $692k and spending of $174k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $386k to $692k (+79%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 205%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bomazeen Land Trust 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 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Video Action Inc ($692k), Colorado Electric Educational Institute ($693k) and The Redmond Academy of Theatre Arts ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (33% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $7,002, net assets of $1.0m. It reported 4 employees.