Lake Stewards of Maine

Analysis

Lake Stewards of Maine is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, Lake Stewards of Maine reported income of $666k and spending of $587k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $677k to $666k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Stewards of Maine sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include California Urban Water Agencies ($666k), California Native Garden Foundation ($667k) and Charles River Conservancy Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). Other salaries and wages came to $255k. At year end it held assets of $908k against liabilities of $40k, net assets of $868k. It reported 10 employees.