Harpswell News

Analysis

Harpswell News is a registered charity in United States, based in Harpswell, ME. It received its IRS tax-exemption ruling in April 2022, 4 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, Harpswell News reported income of $399k and spending of $329k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $297k to $399k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harpswell News sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include Old Rochester Community Television Inc ($399k), Enchantment Theatre Company ($399k) and Conjuring Arts Research Center ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $184k. At year end it held assets of $351k against liabilities of $0, net assets of $351k.