Wells-Hussey Post 42 American Legion

Analysis

Wells-Hussey Post 42 American Legion is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Wells-Hussey Post 42 American Legion reported income of $108k and spending of $114k, spending 105% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $54k to $108k (+101%), an average of +101% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wells-Hussey Post 42 American Legion sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include PTA North Carolina Congress ($108k), PTA South Carolina Congress ($108k) and Towanda Area Christian Outreach Emergency Food Pantry ($108k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 50% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.