Deer Isle Artists Association

Analysis

Deer Isle Artists Association is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in August 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 (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, Deer Isle Artists Association reported income of $92k and spending of $80k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $92k (+7.1%), an average of +7.1% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deer Isle Artists Association sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Fox Island Chapel Preservation Society ($92k), Portland Youth Dance ($92k) and Risk-Reward ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. At year end it held assets of $100k against liabilities of $418, net assets of $100k.