Maine Space Grant Consortium

Analysis

Maine Space Grant Consortium is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 February 2023, Maine Space Grant Consortium reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $924k to $1.8m (+97%), an average of +18% a year. The sharpest change came in the year to February 2022, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Space Grant Consortium sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Living Arts International Inc ($1.8m), New Conservatory ($1.8m) and Black Mountain College Museums & Arts Center ($1.8m).

On its Form 990 for the period ending February 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 $171k (9.4% of expenses). At year end it held assets of $624k against liabilities of $605k, net assets of $19k. It reported 2 employees.