Equality Maine Foundation

Analysis

Equality Maine Foundation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Equality Maine Foundation reported income of $718k and spending of $526k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $543k to $718k (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2021, when income rose by 82%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Equality Maine Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Chittenden Area Transportation Management Association Inc ($718k), Loved Twice ($718k) and Ecumenical Support Services for the Elderly Inc ($718k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $101k (19% of expenses). Other salaries and wages came to $122k. At year end it held assets of $650k against liabilities of $0, net assets of $650k. It reported 6 employees.