Friends of Casco Bay

Analysis

Friends of Casco Bay is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 1991, 35 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 March 2024, Friends of Casco Bay reported income of $1.1m and spending of $1.3m, spending 119% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $1.2m to $1.1m (-8.2%), an average of -1.7% a year. The sharpest change came in the year to March 2020, when income rose by 36%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Casco Bay sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Glacierland Resource Conservation & Development ($1.1m), Association of State Wetland Managers Inc ($1.1m) and Pipeline Safety Trust ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $128k (9.9% of expenses). Other salaries and wages came to $545k. At year end it held assets of $2.9m against liabilities of $201k, net assets of $2.7m. It reported 10 employees.