Coastal Maine Botanical Gardens Inc

Analysis

Coastal Maine Botanical Gardens Inc is a registered charity in United States, based in Boothbay, ME. It received its IRS tax-exemption ruling in March 1993, 33 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 2023, Coastal Maine Botanical Gardens Inc reported income of $19.4m and spending of $10.4m, leaving 46% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $5.5m to $19.4m (+255%), an average of +37% a year. The sharpest change came in the year to March 2022, when income rose by 243%. Over the whole period it spent 61% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Coastal Maine Botanical Gardens Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Solutions Project Inc ($19.4m), Mississippi River TR ($19.4m) and Galveston Bay Foundation ($19.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 65% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $272k (2.6% of expenses). Other salaries and wages came to $4.5m. It paid $160k in professional fundraising fees. At year end it held assets of $65.2m against liabilities of $13.7m, net assets of $51.6m. It reported 121 employees.