Gorham Arts Alliance

Analysis

Gorham Arts Alliance is a registered charity in United States, based in Gorham, ME. It received its IRS tax-exemption ruling in April 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 (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, Gorham Arts Alliance reported income of $766k and spending of $883k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $766k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gorham Arts Alliance sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Employment Policies Institute Foundation ($765k), BCT Brooklyn Childrens Theatre ($766k) and Arts & Business Council of Miami Inc ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $55k (6.2% of expenses). Other salaries and wages came to $484k. At year end it held assets of $444k against liabilities of $6,500, net assets of $437k. It reported 31 employees.