Maine Adult Education Association

Analysis

Maine Adult Education Association is a registered charity in United States, based in Alfred, ME. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Maine Adult Education Association reported income of $114k and spending of $155k, spending 136% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $165k to $114k (-31%), an average of -7.2% a year. The sharpest change came in the year to June 2023, when income rose by 120%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maine Adult Education Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include McKinzie Gardens Incorporated ($114k), Pro-Home Inc ($114k) and Womens Council of Nareb Inc ($114k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $44k (28% of expenses). At year end it held assets of $230k against liabilities of $28k, net assets of $202k. It reported 1 employees.