Maine Association of Realtors Foundation

Analysis

Maine Association of Realtors Foundation is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Maine Association of Realtors Foundation reported income of $588k and spending of $274k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $588k (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 639%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maine Association of Realtors Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Twin County United Way Inc ($587k), Pegasus Therapeutic Riding Academy Inc ($588k) and Baptist Foundation of New England Inc ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $17k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 1 employees.