Salt Bay Chamberfest

Analysis

Salt Bay Chamberfest is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in July 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, Salt Bay Chamberfest reported income of $215k and spending of $202k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $209k to $215k (+2.8%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salt Bay Chamberfest sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Friends of Centennial Hall Inc ($215k), Audience Architects NFP ($215k) and Parangal Dance Company ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $77k (38% of expenses). Other salaries and wages came to $3,186. At year end it held assets of $297k against liabilities of $90k, net assets of $206k.