Catholic Charities Maine

Analysis

Catholic Charities Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Catholic Charities Maine reported income of $36.5m and spending of $31.3m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.0m to $36.5m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2023, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catholic Charities Maine sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include Congregational Homes ($36.5m), Inglis House ($36.5m) and Richcroft Inc ($36.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $315k (1.0% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $20.2m against liabilities of $5.6m, net assets of $14.6m. It reported 604 employees.