Frances Perkins Center

Analysis

Frances Perkins Center is a registered charity in United States, based in Newcastle, ME. It received its IRS tax-exemption ruling in August 2010, 16 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, Frances Perkins Center reported income of $2.0m and spending of $695k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $2.0m (+201%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frances Perkins Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Historic Lansdowne Theater Corporation ($2.0m), Film Foundation Inc ($2.0m) and Goodtime Chinese School ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $45k (6.5% of expenses). Other salaries and wages came to $200k. At year end it held assets of $4.6m against liabilities of $207k, net assets of $4.4m. It reported 8 employees.