Jobs for Maines Graduates Inc

Analysis

Jobs for Maines Graduates Inc is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in January 1995, 31 years ago. 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 June 2024, Jobs for Maines Graduates Inc reported income of $20.7m and spending of $19.3m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $13.7m to $20.7m (+52%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jobs for Maines Graduates 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 Our Lady of Mercy Life Center ($20.7m), Human-I-T ($20.7m) and The Caring Community of Connecticut Inc ($20.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $150k (0.8% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $18.1m against liabilities of $2.7m, net assets of $15.3m. It reported 216 employees.