Summer Festival of the Arts

Analysis

Summer Festival of the Arts is a registered charity in United States, based in Southwest HBR, ME. It received its IRS tax-exemption ruling in April 2002, 24 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 September 2023, Summer Festival of the Arts reported income of $112k and spending of $105k, spending 94% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $69k to $112k (+63%), an average of +63% a year. The sharpest change came in the year to September 2023, when income rose by 63%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summer Festival of the Arts sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($112k), Riverhead Shelter Volunteer Program Inc ($112k) and Cedar Falls Band Inc ($112k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 71% of the total. At year end it held assets of $8,257 against liabilities of $19k, net assets of -$11k.