Northern Maine Independent System Administration Inc

Analysis

Northern Maine Independent System Administration Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Northern Maine Independent System Administration Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $890k to $1.1m (+19%), an average of +4.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Maine Independent System Administration Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include National Association of Parliamentarians Public Education ($1.1m), Habitat for Humnaity of Greater Centre County Inc ($1.1m) and Northern Tier Regional Library Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $457k (43% of expenses). Other salaries and wages came to $105k. At year end it held assets of $1.9m against liabilities of $1.9m, net assets of $0. It reported 3 employees.