Bethel Area Arts & Music

Analysis

Bethel Area Arts & Music is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in December 1993, 33 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, Bethel Area Arts & Music reported income of $100k and spending of $77k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $100k (+259%), an average of +259% a year. The sharpest change came in the year to December 2023, when income rose by 259%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Area Arts & Music sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 30th percentile within ME. Charities of a similar size with the same main cause include Scituate Soccer Club Inc ($100k), Jazz Bridge Project Inc ($100k) and Delaware Valley Historical Aircraft Association ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $88k against liabilities of $14k, net assets of $73k.