Boreal Theater

Analysis

Boreal Theater is a registered charity in United States, based in Millinocket, ME. It received its IRS tax-exemption ruling in April 2021, 5 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, Boreal Theater reported income of $111k and spending of $58k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $111k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boreal Theater sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include Kids Video Connection Inc ($111k), Camp ($111k) and First Principles Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. At year end it held assets of $78k against liabilities of $24, net assets of $78k.