Freeport Conservation Trust

Analysis

Freeport Conservation Trust is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in September 1978, 48 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 December 2023, Freeport Conservation Trust reported income of $215k and spending of $199k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $401k to $215k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freeport Conservation Trust sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Minnesota Foundation for Agriculture ($215k), Greater Columbia Community Relations Council ($215k) and Tulsa Vo-Tech Education Foundation Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $87k (43% of expenses). Other salaries and wages came to $2,960. At year end it held assets of $4.2m against liabilities of $11k, net assets of $4.2m. It reported 2 employees.