Holbrook Community Foundation

Analysis

Holbrook Community Foundation is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in December 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 June 2023, Holbrook Community Foundation reported income of $149k and spending of $158k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $128k to $149k (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holbrook Community Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include Sunny Dayz Inc ($149k), Carole Kneeland Project for Responsible Television ($149k) and Artists Cooperative Gallery of Westerly Inc ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $1.6m against liabilities of $100k, net assets of $1.5m.