Maine Philanthropy Center

Analysis

Maine Philanthropy Center is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Maine Philanthropy Center reported income of $403k and spending of $448k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $420k to $403k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Philanthropy Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 62nd percentile within ME. Charities of a similar size with the same main cause include Multi-Media Training Institute ($403k), Great Prospects Inc ($403k) and Dominican Literacy Center Aurora ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $124k (28% of expenses). Other salaries and wages came to $199k. At year end it held assets of $548k against liabilities of $75k, net assets of $474k. It reported 4 employees.