Aroostook Arts And Education Center

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Aroostook Arts And Education Center Form 990, Revenue, CEO Pay, and IRS Filing Signals

Aroostook Arts And Education Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Aroostook Arts And Education Center in one place.

Is Aroostook Arts And Education Center Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Aroostook Arts And Education Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Aroostook Arts And Education Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Aroostook Arts And Education Center

Aroostook Arts And Education Center (EIN: 205036371) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code A20. The organization reported total revenue of $312K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aroostook Arts And Education Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Aroostook Arts And Education Center is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Aroostook Arts And Education Center reported a surplus of $33K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Aroostook Arts And Education Center's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Aroostook Arts And Education Center with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Aroostook Arts And Education Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $33K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.9%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for an organization of its size with revenues reaching $245,672 in 2023.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Aroostook Arts And Education Center:

• Consistent revenue growth, from $60,657 in 2015 to $245,672 in 2023.
• Strong asset growth, increasing from $39,650 in 2015 to $238,000 in 2023.
• No reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
• Expenses consistently lower than revenue in recent years, contributing to asset growth.
• Low liabilities relative to assets, indicating strong financial solvency.

Frequently Asked Questions about Aroostook Arts And Education Center

Filing History

IRS 990 filing history for Aroostook Arts And Education Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Aroostook Arts And Education Center's revenue has grown by 186.7%, moving from $86K to $246K. Total assets increased by 145.3% over the same period, from $97K to $238K. Total functional expenses rose by 140.8%, from $88K to $212K. In its most recent filing year (2023), Aroostook Arts And Education Center reported a surplus of $33K, with revenue exceeding expenses. The organization holds $2K in liabilities against $238K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $236K.

Year-by-Year Financial Summary

• 2023: Revenue of $246K, expenses of $212K, and assets of $238K (revenue +10.6% year-over-year).
• 2022: Revenue of $222K, expenses of $201K, and assets of $207K (revenue +5.1% year-over-year).
• 2021: Revenue of $211K, expenses of $162K, and assets of $186K (revenue -3.9% year-over-year).
• 2020: Revenue of $220K, expenses of $161K, and assets of $135K (revenue +44.9% year-over-year).
• 2019: Revenue of $152K, expenses of $138K, and assets of $81K (revenue -20.2% year-over-year).
• 2018: Revenue of $190K, expenses of $144K, and assets of $63K (revenue +52.3% year-over-year).
• 2017: Revenue of $125K, expenses of $110K, and assets of $44K (revenue +36.0% year-over-year).
• 2016: Revenue of $92K, expenses of $97K, and assets of $33K (revenue +51.3% year-over-year).
• 2015: Revenue of $61K, expenses of $61K, and assets of $40K (revenue -18.3% year-over-year).
• 2014: Revenue of $74K, expenses of $85K, and assets of $56K (revenue -35.3% year-over-year).
• 2013: Revenue of $115K, expenses of $148K, and assets of $72K (revenue -1.8% year-over-year).
• 2012: Revenue of $117K, expenses of $105K, and assets of $106K (revenue +36.4% year-over-year).
• 2011: Revenue of $86K, expenses of $88K, and assets of $97K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Aroostook Arts And Education Center:

Data Sources and Methodology

This transparency report for Aroostook Arts And Education Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.