Maine Seacoast Mission

Analysis

Maine Seacoast Mission is a registered charity in United States, based in Northeast Harbor, ME. It received its IRS tax-exemption ruling in October 1941, 85 years ago. 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 June 2023, Maine Seacoast Mission reported income of $4.2m and spending of $5.2m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.0m to $4.2m (-15%), an average of -5.2% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maine Seacoast Mission sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Can Do Canines ($4.2m), A Childs Touch ($4.2m) and Mittleman Jewish Community Center ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $266k (5.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $63.9m against liabilities of $598k, net assets of $63.3m. It reported 125 employees.