Adoptive and Foster Families of Maine Inc

Analysis

Adoptive and Foster Families of Maine Inc is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in July 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, Adoptive and Foster Families of Maine Inc reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $979k to $1.7m (+78%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Adoptive and Foster Families of Maine Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Harkness House for Children Inc ($1.7m), Feed My Sheep Inc ($1.7m) and Desert Sanctuary Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $64k (3.8% of expenses). Other salaries and wages came to $608k. At year end it held assets of $374k against liabilities of $121k, net assets of $253k. It reported 27 employees.