Meetinghouse Arts

Analysis

Meetinghouse Arts is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in April 2016, 10 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, Meetinghouse Arts reported income of $314k and spending of $315k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $314k (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 318%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Meetinghouse Arts sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include International Ocean Film Festival Inc ($314k), Friends of the Kaminski House ($314k) and Yellowstone Historic Center Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $54k (17% of expenses). Other salaries and wages came to $27k. At year end it held assets of $663k against liabilities of $959, net assets of $662k. It reported 2 employees.