Freeport Community Services Inc

Analysis

Freeport Community Services Inc is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in March 1977, 49 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 June 2024, Freeport Community Services Inc reported income of $963k and spending of $969k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $963k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freeport Community Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include Joy Ranch Inc ($963k), Northwest Family Life Learning and Counseling Center ($963k) and Bcyfr Supporters ($963k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $94k (9.7% of expenses). Other salaries and wages came to $334k. At year end it held assets of $2.6m against liabilities of $67k, net assets of $2.5m. It reported 21 employees.