Maine Childrens Home for Little Wanderers

Analysis

Maine Childrens Home for Little Wanderers is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in April 1963, 63 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 December 2023, Maine Childrens Home for Little Wanderers reported income of $1.9m and spending of $2.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.9m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maine Childrens Home for Little Wanderers sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Junior Golf Association of Arizona Inc ($1.9m), Mount Zion Housing Authority of Hammond Inc ($1.9m) and Ohio Valley Teen Challenge Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $117k (4.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.6m against liabilities of $148k, net assets of $8.4m. It reported 36 employees.