Aroostook Arts and Education Center

Analysis

Aroostook Arts and Education Center is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in October 2006, 20 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, Aroostook Arts and Education Center reported income of $246k and spending of $212k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $246k (+12%), an average of +3.8% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aroostook Arts and Education Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Pan American Symphony Orchestra ($246k), Dedham School of Music Incorporated ($246k) and Arts on Site NYC Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 29% of the total. Other salaries and wages came to $119k. At year end it held assets of $238k against liabilities of $2,045, net assets of $236k. It reported 13 employees.