Hewnoaks Artist Colony

Analysis

Hewnoaks Artist Colony is a registered charity in United States, based in Lovell, ME. It received its IRS tax-exemption ruling in July 2014, 12 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, Hewnoaks Artist Colony reported income of $140k and spending of $111k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $140k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hewnoaks Artist Colony sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Bedford Museum and Genealogical Library ($140k), Washington School of Chinese Language & Culture ($140k) and North Fork Valley Creative Coalition Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.