Schoolhouse Arts Center at Sebago Lake

Analysis

Schoolhouse Arts Center at Sebago Lake is a registered charity in United States, based in Standish, ME. It received its IRS tax-exemption ruling in April 1994, 32 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 (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, Schoolhouse Arts Center at Sebago Lake reported income of $232k and spending of $228k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $241k to $232k (-3.4%), an average of -3.4% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Schoolhouse Arts Center at Sebago Lake sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ME. Charities of a similar size with the same main cause include Fulcrum Point New Music Project ($232k), Ohana Arts Inc ($232k) and The Paradise Center ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2,000 (0.9% of expenses). Other salaries and wages came to $55k. At year end it held assets of $46k against liabilities of $25k, net assets of $21k. It reported 8 employees.