Maine Cancer Foundation

Analysis

Maine Cancer Foundation is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Cancer Foundation reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.3m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maine Cancer Foundation 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 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Foundation Health Services Inc ($3.3m), Route 9 Community Development Corporation ($3.3m) and Healthie Georgia Corporation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $212k (6.6% of expenses). Other salaries and wages came to $305k. At year end it held assets of $6.9m against liabilities of $1.3m, net assets of $5.6m. It reported 7 employees.