Nami-Maine Incorporated

Analysis

Nami-Maine Incorporated is a registered charity in United States, based in Hallowell, ME. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Nami-Maine Incorporated reported income of $3.5m and spending of $2.5m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.5m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nami-Maine Incorporated 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 Eastern Long Island Hospitalfoundation ($3.5m), Community Dental Clinic Inc ($3.5m) and St Margaret Memorial Hospital Foundation ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $90k (3.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.7m against liabilities of $539k, net assets of $2.2m. It reported 182 employees.