Central Aroostook Association

Analysis

Central Aroostook Association is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Central Aroostook Association reported income of $8.8m and spending of $8.3m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.2m to $8.8m (+7.8%), an average of +1.9% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Aroostook Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include The Jenkins Memorial Childrens Center and Jenkins Industries Inc ($8.8m), Early Education and Care Inc ($8.8m) and Redwood Community Action Agency ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $5.8m. At year end it held assets of $8.6m against liabilities of $510k, net assets of $8.1m. It reported 153 employees.