Maine Traditional Music Association

Analysis

Maine Traditional Music Association is a registered charity in United States, based in Woolwich, ME. It received its IRS tax-exemption ruling in January 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maine Traditional Music Association reported income of $458k and spending of $409k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $346k to $458k (+32%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Traditional Music Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Grand Marais Arts Inc ($458k), Florida Agricultural Museum Inc ($458k) and Raise the Roof for the Arts ($458k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $280k against liabilities of $0, net assets of $280k.