Northern Maine Community College Foundation

Analysis

Northern Maine Community College Foundation is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Northern Maine Community College Foundation reported income of $5.6m and spending of $1.3m, leaving 77% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $5.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2024, when income rose by 925%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern Maine Community College Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Quaker Digital Academy ($5.6m), Ignite Afterschool ($5.6m) and Finn Academy an Elmira Charter School ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $9.6m against liabilities of $940k, net assets of $8.6m.