Maine Better Transportation Educational Foundation

Analysis

Maine Better Transportation Educational Foundation is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Maine Better Transportation Educational Foundation reported income of $58k and spending of $51k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $137k to $58k (-58%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maine Better Transportation Educational Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 16th percentile within ME. Charities of a similar size with the same main cause include Bloomfield Township Fire Department Charities Inc ($58k), Obazu National Council U S a Incorporated ($58k) and Jennie Goas Silverman Foundation Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $913k against liabilities of $0, net assets of $913k.