Bar Harbor Festival Corporation

Analysis

Bar Harbor Festival Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1967, 59 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 December 2023, Bar Harbor Festival Corporation reported income of $252k and spending of $354k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $302k to $252k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bar Harbor Festival Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Italian Heritage Celebration Inc ($252k), Jupiter Island Arts Council ($252k) and Yes and Collaborative Arts ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $97k (27% of expenses). Other salaries and wages came to $42k. At year end it held assets of $566k against liabilities of $34k, net assets of $531k.