Rangeley Friends of the Performing Arts Inc

Analysis

Rangeley Friends of the Performing Arts Inc is a registered charity in United States, based in Rangeley, ME. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 2023, Rangeley Friends of the Performing Arts Inc reported income of $286k and spending of $206k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $286k (+26%), an average of +5.9% a year. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rangeley Friends of the Performing Arts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Road Runners Club of America ($286k), Benton Community Vocational Building Trades Inc ($286k) and United Cerebral Palsy of Nebraska Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $50k (25% of expenses). Other salaries and wages came to $15k. At year end it held assets of $1.4m against liabilities of $87k, net assets of $1.3m. It reported 9 employees.