Midcoast Maine Community Action

Analysis

Midcoast Maine Community Action is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in May 1973, 53 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 September 2023, Midcoast Maine Community Action reported income of $7.7m and spending of $7.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $7.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midcoast Maine Community Action sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include C D M Services ($7.7m), El Centro de Pueblo ($7.7m) and Midtown Partners Inc ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $187k (2.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $8.4m against liabilities of $6.8m, net assets of $1.6m. It reported 119 employees.