Maine Initiatives Inc

Analysis

Maine Initiatives Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 September 2023, Maine Initiatives Inc reported income of $3.5m and spending of $3.6m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $3.5m (+239%), an average of +36% a year. The sharpest change came in the year to September 2020, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Maine Initiatives Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Bridges of America Inc ($3.5m), San Francisco Casa ($3.5m) and TB Enterprises Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $134k (3.7% of expenses). Other salaries and wages came to $946k. At year end it held assets of $5.1m against liabilities of $723k, net assets of $4.4m. It reported 16 employees.