Maine Farmland Trust Inc

Analysis

Maine Farmland Trust Inc is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Maine Farmland Trust Inc reported income of $4.2m and spending of $5.4m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income fell from $11.1m to $4.2m (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maine Farmland Trust Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Blinknow Foundation a NJ Nonprofitcorporation ($4.2m), Dakota Milestones ($4.2m) and Latino Action Network Foundation Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $267k (4.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $28.4m against liabilities of $2.1m, net assets of $26.3m.