Eastern Maine Community College Foundation

Analysis

Eastern Maine Community College Foundation is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eastern Maine Community College Foundation reported income of $208k and spending of $183k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $126k to $208k (+64%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Maine Community College Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Greater Harrington Historical Society ($208k), Pierce Center for Arts and Technology ($208k) and Arc San Diego Foundation ($208k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $1.8m against liabilities of $88k, net assets of $1.7m.