Capital Area New Mainers Project

Analysis

Capital Area New Mainers Project is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in April 2018, 8 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, Capital Area New Mainers Project reported income of $311k and spending of $308k, spending 99% of its income. Across the 5 years on record, from August 2019 to December 2023, income grew from $136k to $311k (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Area New Mainers Project 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 62nd percentile, and in the 57th percentile within ME. Charities of a similar size with the same main cause include Katy Ffa Livestock Show & Rodeo Association Inc ($311k), Listening to America Project Inc ($311k) and Shea Theater Arts Center Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). Other salaries and wages came to $16k. At year end it held assets of $406k against liabilities of $221k, net assets of $185k. It reported 4 employees.