Boothbay Region Art Foundation Inc

Analysis

Boothbay Region Art Foundation Inc is a registered charity in United States, based in Boothbay Harbor, ME. It received its IRS tax-exemption ruling in July 1964, 62 years ago. 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 September 2023, Boothbay Region Art Foundation Inc reported income of $68k and spending of $73k, spending 108% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $84k to $68k (-19%), an average of -19% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boothbay Region Art Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 20th percentile within ME. Charities of a similar size with the same main cause include Jefferson County Community Center ($68k), Comunidad Lasc Cruces Inc ($68k) and New Covenant World Outreach ($68k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 5.9% and program service revenue 19% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.