Maine Energy Marketers Association Education Foundation

Analysis

Maine Energy Marketers Association Education Foundation is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 November 2023, Maine Energy Marketers Association Education Foundation reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.1m to $1.1m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to November 2021, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maine Energy Marketers Association Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within ME. Charities of a similar size with the same main cause include Great Northern Development Corporation ($1.1m), Mesilla Valley Economic Development Alliance ($1.1m) and Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund ($1.1m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 18% and program service revenue 83% of the total. At year end it held assets of $2.1m against liabilities of $156k, net assets of $2.0m.