Operating record

Blue Hill Heritage Trust Inc

Blue Hill, ME · EIN 22-2655830 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$2,404,956$634,831$1,770,125278.759%
2021$1,843,043$764,119$1,078,924256.050%
2022$1,091,423$1,060,493$30,930176.741%
2023$2,650,069$1,184,471$1,465,598177.747%

In its most recent public year (2023), this organization brought in $1,465,598 more than it spent. Its reserves stood at about 177.7 months of spending, down from 278.7 in 2020. Staff pay was 47% of spending. $8,029,867 of its net assets are donor-restricted.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗