United Way of Mid Coast Maine Inc

Analysis

United Way of Mid Coast Maine Inc is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in May 1958, 68 years ago. 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 June 2023, United Way of Mid Coast Maine Inc reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $1.7m (-16%), an average of -5.5% 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, United Way of Mid Coast Maine Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Delaware County Victim Assistance Center ($1.7m), Young Mens Christian Association of Wheeling ($1.7m) and International Brotherhood of Electrical Training Trust Fund 60 ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $161k (9.4% of expenses). Other salaries and wages came to $207k. At year end it held assets of $2.8m against liabilities of $673k, net assets of $2.1m. It reported 12 employees.