University of Maine at Fort Kent Foundation

Analysis

University of Maine at Fort Kent Foundation is a registered charity in United States, based in Fort Kent, ME. It received its IRS tax-exemption ruling in December 1992, 34 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maine at Fort Kent Foundation reported income of $694k and spending of $509k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $392k to $694k (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 162%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Maine at Fort Kent Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Diabetes Foundation of Mississippi Inc ($694k), Nana Baby Childrens Home ($694k) and Augusta Players Inc ($694k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.