Maine Lakes Society

Analysis

Maine Lakes Society is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in September 1979, 47 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 December 2023, Maine Lakes Society reported income of $285k and spending of $285k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $285k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Maine Lakes Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Guardians of Martin County Inc ($285k), Lake Worth Lagoon Environmental Defense Fund Inc ($285k) and Saw Mill River Audubon Society Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $74k (26% of expenses). Other salaries and wages came to $93k. At year end it held assets of $213k against liabilities of $8,871, net assets of $204k. It reported 8 employees.