Southern Aroostook Agricultural Museum

Analysis

Southern Aroostook Agricultural Museum is a registered charity in United States, based in Littleton, 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 February 2024, Southern Aroostook Agricultural Museum reported income of $210k and spending of $47k, leaving 78% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $60k to $210k (+248%), an average of +248% a year. The sharpest change came in the year to February 2024, when income rose by 248%. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Aroostook Agricultural Museum 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 Music City Artist Development ($210k), NPC Association ($210k) and McMahon Auditorium Authority ($210k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 85% and program service revenue 0.3% of the total. At year end it held assets of $590k against liabilities of $0, net assets of $590k.