The North Atlantic Arts Alliance

Analysis

The North Atlantic Arts Alliance is a registered charity in United States, based in Hiram, ME. It received its IRS tax-exemption ruling in March 2024, 2 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 2022, The North Atlantic Arts Alliance reported income of $402k and spending of $379k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $282k to $402k (+43%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The North Atlantic Arts Alliance sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include Shevchenko Scientific Society Inc ($402k), In the Heart of the Beast Puppet and Mask Theatre ($402k) and Salem Multi Institute ($402k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $320k against liabilities of $0, net assets of $320k.