John M Eagleson Jr Institute

Analysis

John M Eagleson Jr Institute is a registered charity in United States, based in Sanford, ME. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2023, John M Eagleson Jr Institute reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, John M Eagleson Jr Institute sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Guitars for Vets ($1.2m), Achievement Rewards for College Scientists Foundation Inc ($1.2m) and Palmetto Regional Volley Ball Association Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $177k (14% of expenses). Other salaries and wages came to $215k. At year end it held assets of $1.7m against liabilities of $221k, net assets of $1.4m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.