Hospitality Maine Education Foundation

Analysis

Hospitality Maine Education Foundation is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Hospitality Maine Education Foundation reported income of $340k and spending of $376k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $340k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospitality Maine Education Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Humane Society of Calvert County ($340k), Los Angeles Trade Technical College Foundation ($340k) and Urban Golf of Greater St Louis Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. Other salaries and wages came to $77k. At year end it held assets of $294k against liabilities of $772, net assets of $294k. It reported 1 employees.