Boothbay Region Education Foundation

Analysis

Boothbay Region Education Foundation is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in May 2000, 26 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 March 2024, Boothbay Region Education Foundation reported income of $73k and spending of $85k, spending 117% of what it took in. Across the 4 years on record, from March 2021 to March 2024, income fell from $226k to $73k (-68%), an average of -32% a year. The sharpest change came in the year to March 2024, when income rose by 160%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boothbay Region Education Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 21st percentile within ME. Charities of a similar size with the same main cause include Project Echo ($73k), Carl Sandburg Parents and Teachers Association ($73k) and Brooks Elementary School Foundation ($73k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.