Chewonki Foundation Inc

Analysis

Chewonki Foundation Inc is a registered charity in United States, based in Wiscasset, ME. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 August 2023, Chewonki Foundation Inc reported income of $10.8m and spending of $11.4m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $11.6m to $10.8m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to August 2021, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Chewonki Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within ME. Charities of a similar size with the same main cause include Rose Foundation for Communities and the Environment ($10.7m), Environmental Law & Policy Center of the Midwest ($10.9m) and Yew Dell Inc ($10.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $574k (5.1% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $26.7m against liabilities of $5.1m, net assets of $21.6m. It reported 270 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.