University of Maine Pulp and Paper Foundation

Analysis

University of Maine Pulp and Paper Foundation is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in June 1954, 72 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University of Maine Pulp and Paper Foundation reported income of $2.7m and spending of $1.7m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.7m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2021, when income rose by 239%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University of Maine Pulp and Paper Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Marshall Heights Community Development Organization ($2.7m), Resident Resources Network Inc ($2.7m) and Growth Sector Company ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $278k (17% of expenses). Other salaries and wages came to $137k. At year end it held assets of $32.1m against liabilities of $0, net assets of $32.1m. It reported 3 employees.