Herring Gut Coastal Science Center

Analysis

Herring Gut Coastal Science Center is a registered charity in United States, based in Port Clyde, ME. It received its IRS tax-exemption ruling in November 2022, 4 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 June 2024, Herring Gut Coastal Science Center reported income of $599k and spending of $520k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $126k to $599k (+374%), an average of +374% a year. The sharpest change came in the year to June 2024, when income rose by 374%. Over the whole period it spent 105% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Herring Gut Coastal Science Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include 5 Point Film Festival ($598k), Cactus & Succulent Society of America Inc ($599k) and We Want the Land Coalition Inc ($597k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 8.3% of the total. Other salaries and wages came to $241k. At year end it held assets of $1.4m against liabilities of $4,800, net assets of $1.4m. It reported 10 employees.