Sweet Tree Arts

Analysis

Sweet Tree Arts is a registered charity in United States, based in Hope, ME. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sweet Tree Arts reported income of $405k and spending of $387k, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $277k to $405k (+46%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sweet Tree Arts sits at the 65th percentile: it is larger than about 65% 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 Cardinal Boosters Inc ($405k), Los Alamos Band Boosters ($405k) and Grand Traverse Educational Foundation Inc ($405k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Other salaries and wages came to $273k. At year end it held assets of $357k against liabilities of $320k, net assets of $37k. It reported 18 employees.