Hancock County Auditorium Associates

Analysis

Hancock County Auditorium Associates is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in November 1975, 51 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, Hancock County Auditorium Associates reported income of $443k and spending of $540k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $599k to $443k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hancock County Auditorium Associates sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include West Virginia Creative Network Inc ($443k), Palestine Museum US Corporation ($443k) and Sb3c Foundation Inc ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $68k (13% of expenses). Other salaries and wages came to $132k. At year end it held assets of $659k against liabilities of $402k, net assets of $257k. It reported 13 employees.