Apogee Arts

Analysis

Apogee Arts is a registered charity in United States, based in Brooksville, ME. It received its IRS tax-exemption ruling in February 2011, 15 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, Apogee Arts reported income of $55k and spending of $43k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $55k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Apogee Arts sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include International Institute for Human Factor Development U S a Inc ($55k), Woburn Historical Society Inc ($55k) and Madison Christmas Committee a NJ Nonprofit Corporation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.