Eastport Arts Center

Analysis

Eastport Arts Center is a registered charity in United States, based in Eastport, ME. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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 December 2023, Eastport Arts Center reported income of $429k and spending of $291k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $429k (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastport Arts Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 63rd percentile within ME. Charities of a similar size with the same main cause include Perfecting Fellowship International Inc ($429k), Association of School Business Officials International ($429k) and International Deaf Education Association ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $91k. At year end it held assets of $766k against liabilities of $5,650, net assets of $761k. It reported 5 employees.