Orono Land Trust Inc

Analysis

Orono Land Trust Inc is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in December 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Orono Land Trust Inc reported income of $151k and spending of $43k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $151k (+188%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 201%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orono Land Trust Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include Long Hill First Aid Squad ($151k), The Mens Club for the Jewish Home for the Elderly of Fairfield Count ($151k) and Hampden County Lawyers for Justice Inc ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.5% of the total. At year end it held assets of $869k against liabilities of $0, net assets of $869k.