Maine Timber Research and Environmental Education Foundation

Analysis

Maine Timber Research and Environmental Education Foundation is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in April 1990, 36 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 December 2023, Maine Timber Research and Environmental Education Foundation reported income of $1.7m and spending of $680k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $1.7m (+379%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 67% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Maine Timber Research and Environmental Education Foundation sits at the 85th 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 Nunataks Ltd ($1.7m), Aldo Leopold Nature Center Inc ($1.7m) and Pca Product Stewardship Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $83k (12% of expenses). Other salaries and wages came to $168k. It paid $7,288 in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $12k, net assets of $4.7m. It reported 5 employees.