Friends of Acadia

Analysis

Friends of Acadia is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of Acadia reported income of $15.3m and spending of $6.9m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $15.3m (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 58% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Acadia sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Treepeople Inc ($15.2m), Sjcog Inc ($15.5m) and Ocean Foundation ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $498k (7.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $93.8m against liabilities of $1.3m, net assets of $92.5m. It reported 37 employees.