River Tree Arts

Analysis

River Tree Arts is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in August 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, River Tree Arts reported income of $324k and spending of $361k, spending 111% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $322k to $324k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to April 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, River Tree Arts sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Divine Mercy Radio Inc ($324k), Maharashtra Mandal-Bay Area ($324k) and Mankato Suzuki School of Music Inc ($324k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $85k (23% of expenses). At year end it held assets of $472k against liabilities of $344k, net assets of $128k.