Bethel Area Arts & Music
Bethel Area Arts & Music shows consistent growth and strong program focus with no executive compensation.
EIN: 10448670 · Bethel, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $77K |
| Program Spending | 85% |
| Net Assets | $73K |
| Transparency Score | 90/100 |
Is Bethel Area Arts & Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bethel Area Arts & Music directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bethel Area Arts & Music
Bethel Area Arts & Music (EIN: 10448670) is a nonprofit organization based in Bethel, ME. The organization reported total revenue of $138K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethel Area Arts & Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethel Area Arts & Music is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $77K |
| Surplus / Deficit | +$23K |
| Total Assets | $88K |
| Total Liabilities | $14K |
| Net Assets | $73K |
| Operating Margin | 23.2% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Bethel Area Arts & Music reported a surplus of $23K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bethel Area Arts & Music's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +259.2% | +78.6% | +62.7% |
| 2022 | -55.5% | +58.0% | -19.4% |
| 2021 | +43.1% | -18.4% | +120.5% |
| 2020 | +64.4% | +57.5% | +55.0% |
| 2019 | +12.5% | +2.1% | +25.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Bethel Area Arts & Music with a Mission Score of 90 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, Bethel Area Arts & Music 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.
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.
Red Flags
The following concerns were identified during AI analysis of Bethel Area Arts & Music's IRS 990 filings:
- Significant revenue fluctuation year-to-year (e.g., $100,034 in 2023 vs. $27,846 in 2022), which could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Bethel Area Arts & Music:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Strong asset growth, from $19,564 in 2019 to $87,725 in 2023, demonstrating financial stability.
- Positive net income in most recent years (e.g., $23,240 in 2023), contributing to reserves.
- Low liabilities relative to assets ($14,330 liabilities vs. $87,725 assets in 2023), indicating minimal debt burden.
Frequently Asked Questions about Bethel Area Arts & Music
Is Bethel Area Arts & Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Bethel Area Arts & Music (EIN: 10448670) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Bethel Area Arts & Music spend its money?
Bethel Area Arts & Music directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bethel Area Arts & Music tax-deductible?
Bethel Area Arts & Music is registered as a tax-exempt nonprofit (EIN: 10448670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bethel Area Arts & Music's spending goes to programs?
Bethel Area Arts & Music directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bethel Area Arts & Music located?
Bethel Area Arts & Music is headquartered in Bethel, Maine and files with the IRS under EIN 10448670.
How many years of IRS 990 filings does Bethel Area Arts & Music have?
Bethel Area Arts & Music has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $138K in total revenue.
Is Bethel Area Arts & Music a good charity?
Based on the available data, Bethel Area Arts & Music appears to be a good charity. It demonstrates strong financial health with growing assets, a consistent surplus in recent years (e.g., $23,240 in 2023), and a remarkable commitment to its mission by reporting 0% officer compensation across all filings. This suggests that nearly all funds are directed towards its programs and operational needs.
How has Bethel Area Arts & Music's financial health changed over time?
Bethel Area Arts & Music has shown significant financial growth and improved stability over time. Revenue has increased substantially from $8,000 in 2017 to $100,034 in 2023. Assets have also grown consistently, from $11,221 in 2017 to $87,725 in 2023, indicating effective financial management and accumulation of resources. While there was a deficit in 2022, the overall trend is positive.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% officer compensation reported in all available IRS 990 filings. This indicates that the organization's leadership is likely volunteer-based or operates with extremely low administrative overhead, allowing more funds to be allocated directly to its programs.
Filing History
IRS 990 filing history for Bethel Area Arts & Music showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bethel Area Arts & Music's revenue has grown by 113.5%, moving from $47K to $100K. Total assets increased by 187.5% over the same period, from $31K to $88K. Total functional expenses rose by 50%, from $51K to $77K. In its most recent filing year (2023), Bethel Area Arts & Music reported a surplus of $23K, with revenue exceeding expenses. The organization holds $14K in liabilities against $88K in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $77K | $88K | $14K | — | — |
| 2022 | $28K | $43K | $54K | $4K | — | View 990 |
| 2021 | $63K | $27K | $67K | $2K | — | View 990 |
| 2020 | $44K | $33K | $30K | $408 | — | View 990 |
| 2019 | $27K | $21K | $20K | $32 | — | View 990 |
| 2018 | $24K | $21K | $16K | $2K | — | View 990 |
| 2017 | $8K | $1K | $11K | $25 | — | View 990 |
| 2016 | $33K | $37K | $7K | $0 | — | View 990 |
| 2015 | $63K | $71K | $11K | $0 | — | View 990 |
| 2014 | $96K | $85K | $13K | $0 | — | View 990 |
| 2013 | $53K | $58K | $1 | $0 | — | View 990 |
| 2012 | $47K | $63K | $15K | $0 | — | View 990 |
| 2011 | $47K | $51K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $77K, and assets of $88K (revenue +259.2% year-over-year).
- 2022: Revenue of $28K, expenses of $43K, and assets of $54K (revenue -55.5% year-over-year).
- 2021: Revenue of $63K, expenses of $27K, and assets of $67K (revenue +43.1% year-over-year).
- 2020: Revenue of $44K, expenses of $33K, and assets of $30K (revenue +64.4% year-over-year).
- 2019: Revenue of $27K, expenses of $21K, and assets of $20K (revenue +12.5% year-over-year).
- 2018: Revenue of $24K, expenses of $21K, and assets of $16K (revenue +195.7% year-over-year).
- 2017: Revenue of $8K, expenses of $1K, and assets of $11K (revenue -75.8% year-over-year).
- 2016: Revenue of $33K, expenses of $37K, and assets of $7K (revenue -47.6% year-over-year).
- 2015: Revenue of $63K, expenses of $71K, and assets of $11K (revenue -34.3% year-over-year).
- 2014: Revenue of $96K, expenses of $85K, and assets of $13K (revenue +82.1% year-over-year).
- 2013: Revenue of $53K, expenses of $58K, and assets of $1 (revenue +12.0% year-over-year).
- 2012: Revenue of $47K, expenses of $63K, and assets of $15K (revenue +0.6% year-over-year).
- 2011: Revenue of $47K, expenses of $51K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethel Area Arts & Music:
Data Sources and Methodology
This transparency report for Bethel Area Arts & Music 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.