Eighty Two High Street Inc

Analysis

Eighty Two High Street Inc is a registered charity in United States, based in Farmington, ME. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2022, Eighty Two High Street Inc reported income of $172k and spending of $253k, spending 147% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $151k to $172k (+14%), an average of +4.4% a year. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eighty Two High Street Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Little League Baseball Inc ($172k), Family Career and Community Leaders of America Inc ($172k) and Tourette Association of America Inc ($172k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $952k, net assets of $936k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.