Northern Aroostook Alternatives Inc

Analysis

Northern Aroostook Alternatives Inc is a registered charity in United States, based in Van Buren, ME. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Northern Aroostook Alternatives Inc reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Aroostook Alternatives Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Circuit Rider Community Services ($1.3m), Winston Starts ($1.3m) and Florida East Coast Jatc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $73k (5.9% of expenses). Other salaries and wages came to $690k. At year end it held assets of $1.5m against liabilities of $30k, net assets of $1.4m. It reported 20 employees.