Bangor Area Recovery Network Inc

Analysis

Bangor Area Recovery Network Inc is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2022, Bangor Area Recovery Network Inc reported income of $472k and spending of $393k, spending 83% of its income. Across the 4 years on record, from October 2019 to October 2022, income grew from $292k to $472k (+61%), an average of +17% a year. The sharpest change came in the year to October 2020, when income rose by 35%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bangor Area Recovery Network Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Community First School Inc ($472k), Walled Lake Central High School Music Boosters ($472k) and Middle Tennessee Home Education Association ($472k).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 86% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $76k (19% of expenses). Other salaries and wages came to $177k. At year end it held assets of $759k against liabilities of $15k, net assets of $744k. It reported 8 employees.