Ogunquit Arts Collaborative

Analysis

Ogunquit Arts Collaborative is a registered charity in United States, based in Ogunquit, ME. It received its IRS tax-exemption ruling in May 1997, 29 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, Ogunquit Arts Collaborative reported income of $56k and spending of $95k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $66k to $56k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 384%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ogunquit Arts Collaborative sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include The Boston Printmakers Inc ($56k), Vision Broadcasting Network Inc ($56k) and Design Dance Company ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Other salaries and wages came to $25k. At year end it held assets of $717k against liabilities of $0, net assets of $717k.