University of Maine Student Government Inc

Analysis

University of Maine Student Government Inc is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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, University of Maine Student Government Inc reported income of $862k and spending of $807k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $754k to $862k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Maine Student Government Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within ME. Charities of a similar size with the same main cause include Rothman Institute Orthopaedic Foundation ($862k), Volunteers of America Inc ($862k) and Central Louisville Community Ministries Inc ($861k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (10% of expenses). Other salaries and wages came to $172k. At year end it held assets of $436k against liabilities of $18k, net assets of $418k. It reported 38 employees.