Schoodic Arts for All

Analysis

Schoodic Arts for All is a registered charity in United States, based in Winter Harbor, ME. It received its IRS tax-exemption ruling in May 2000, 26 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, Schoodic Arts for All reported income of $485k and spending of $402k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $608k to $485k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Schoodic Arts for All sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Flint Hills Discovery Center Foundation ($485k), Colorado Springs Community Ventures Inc ($485k) and Navatman Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 9.7% of the total. Other salaries and wages came to $183k. It paid $2,395 in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $46k, net assets of $1.6m. It reported 5 employees.