Harbor Theater

Analysis

Harbor Theater is a registered charity in United States, based in Boothbay Harbor, ME. It received its IRS tax-exemption ruling in June 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, Harbor Theater reported income of $296k and spending of $264k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $243k to $296k (+22%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harbor Theater sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Cuyahoga Valley Art Center ($296k), Virginia National Ballet ($296k) and Newport String Project ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $86k. At year end it held assets of $410k against liabilities of $0, net assets of $410k. It reported 10 employees.