Maine Composites Alliance

Analysis

Maine Composites Alliance is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in May 1999, 27 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 Composites Alliance reported income of $248k and spending of $237k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $248k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 278%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Composites Alliance sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Apalachin Library Association ($248k), Davis-Putter Scholarship Fund ($248k) and National Institute of Governmental Purchasing Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $57k (24% of expenses). Other salaries and wages came to $59k. At year end it held assets of $78k against liabilities of $27k, net assets of $51k. It reported 3 employees.