Aroostook Arts And Education Center

Aroostook Arts And Education Center shows consistent revenue and asset growth with no reported officer compensation.

EIN: 205036371 · Presque Isle, ME · NTEE: A20 · Updated: 2026-03-28

$312KRevenue

$250KAssets

88/100Mission Score (Excellent)

A20

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.

AI Transparency Report

Aroostook Arts And Education Center demonstrates consistent financial growth and a strong commitment to its mission, as evidenced by its IRS 990 filings. Over the past five years, the organization's revenue has steadily increased from $151,741 in 2019 to $245,672 in 2023, indicating growing support and operational capacity. This growth has also been reflected in its assets, which have more than tripled from $80,691 in 2019 to $238,000 in 2023, suggesting sound financial management and reinvestment into the organization.

The organization's spending efficiency appears robust, with expenses consistently lower than revenue, leading to healthy net assets. For instance, in 2023, expenses were $212,415 against revenues of $245,672, allowing for an increase in assets. A significant positive indicator is the reported 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, potentially maximizing funds for program delivery. This practice, combined with a low liability profile, contributes to a strong financial foundation.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health and growth trends are positive. The consistent increase in assets and the absence of reported officer compensation point towards an organization focused on its mission and efficient use of resources. Further detailed analysis of the full 990 forms would be beneficial to fully assess spending efficiency ratios.

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.

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

Is Aroostook Arts And Education Center a good charity?

Based on the provided financial data, Aroostook Arts And Education Center appears to be a well-managed charity. It demonstrates consistent revenue growth, increasing assets, and a notable absence of reported officer compensation, suggesting a strong commitment to its mission and efficient use of funds.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved over time. Revenue has grown from $60,657 in 2015 to $245,672 in 2023, and assets have increased from $39,650 to $238,000 in the same period, indicating robust growth and financial stability.

What is the trend in the organization's assets?

The organization's assets have shown a strong upward trend, increasing from $39,650 in 2015 to $238,000 in 2023. This consistent growth suggests effective financial management and reinvestment into the organization's capacity.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$246K	$212K	$238K	$2K	—	—
2022	$222K	$201K	$207K	$4K	—	View 990
2021	$211K	$162K	$186K	$4K	—	View 990
2020	$220K	$161K	$135K	$3K	—	View 990
2019	$152K	$138K	$81K	$7K	—	View 990
2018	$190K	$144K	$63K	$3K	—	View 990
2017	$125K	$110K	$44K	$31K	—	View 990
2016	$92K	$97K	$33K	$34K	—	View 990
2015	$61K	$61K	$40K	$36K	—	View 990
2014	$74K	$85K	$56K	$38K	—	View 990
2013	$115K	$148K	$72K	$44K	—	View 990
2012	$117K	$105K	$106K	$45K	—	View 990
2011	$86K	$88K	$97K	$47K	—	View 990

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.

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.