Downeast Institute for Applied Marine Research and Education Inc

Analysis

Downeast Institute for Applied Marine Research and Education Inc is a registered charity in United States, based in Beals, ME. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Downeast Institute for Applied Marine Research and Education Inc reported income of $2.7m and spending of $2.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.7m (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 106% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Downeast Institute for Applied Marine Research and Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Woodstock Farm Animal Sanctuary Inc ($2.7m), Turtle Conservancy ($2.7m) and Born Free USA United with Animal Protection Institute ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $156k (6.6% of expenses). Other salaries and wages came to $785k. It paid $33k in professional fundraising fees. At year end it held assets of $6.4m against liabilities of $2.3m, net assets of $4.1m. It reported 35 employees.