Maine Crafts Association

Analysis

Maine Crafts Association is a registered charity in United States, based in Gardiner, ME. It received its IRS tax-exemption ruling in March 1984, 42 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, Maine Crafts Association reported income of $233k and spending of $257k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $588k to $233k (-60%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Crafts Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ME. Charities of a similar size with the same main cause include Ethnic Enrichment Cultural Council ($233k), Historic St Marys City Foundation Inc ($233k) and Union Pacific Museum Association ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 29% of the total. At year end it held assets of $242k against liabilities of $94k, net assets of $147k.