Maine Arts Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 11,178 | 223,292 | −212,114 | -11.4 | 0% |
| 2017 | 1,219,672 | 1,364,580 | −144,908 | -3.1 | 33% |
| 2018 | 1,540,958 | 1,449,356 | 91,602 | -2.2 | 44% |
| 2019 | 2,521,577 | 2,133,087 | 388,490 | 0.7 | 36% |
| 2020 | 2,463,647 | 2,399,933 | 63,714 | 0.9 | 46% |
| 2021 | 3,238,498 | 2,690,453 | 548,045 | 3.0 | 44% |
| 2022 | 2,603,235 | 2,576,734 | 26,501 | 3.9 | 44% |
| 2023 | 2,748,824 | 2,873,188 | −124,364 | 3.0 | 40% |
In its most recent public year (2023), this organization spent $124,364 more than it brought in. Its reserves stood at about 3 months of spending, up from -11.4 in 2016. Staff pay was 40% of spending. $17,498 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Maine Arts Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works