Maine Secondary School Principals Association

Analysis

Maine Secondary School Principals Association is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Maine Secondary School Principals Association reported income of $2.7m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Secondary School Principals Association sits at the 85th percentile: it is larger than about 84% 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 Loveworks Academy for Visual & Performing Arts ($2.7m), Crossroad Institute Inc ($2.7m) and Christian Home Educators of Colorado ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $322k (13% of expenses). Other salaries and wages came to $202k. At year end it held assets of $1.9m against liabilities of $392k, net assets of $1.5m. It reported 6 employees.