Presumpscot Regional Land Trust Inc

Analysis

Presumpscot Regional Land Trust Inc is a registered charity in United States, based in Gorham, ME. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Presumpscot Regional Land Trust Inc reported income of $1.7m and spending of $423k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $538k to $1.7m (+223%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 168%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presumpscot Regional Land Trust Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Better Man Inc ($1.7m), Toledo Rise & Shine Inc ($1.7m) and Adoptive and Foster Family Coalition of New York Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $98k (23% of expenses). Other salaries and wages came to $141k. It paid $1,000 in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $23k, net assets of $3.3m. It reported 6 employees.