United Mid-Coast Charities Inc

Analysis

United Mid-Coast Charities Inc is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, United Mid-Coast Charities Inc reported income of $1.5m and spending of $881k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $607k to $1.5m (+143%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Mid-Coast Charities Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Liberty Healthcare System Foundation Inc ($1.5m), Science Buddies ($1.5m) and G Fred Dibona Jr Memorial Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $81k. At year end it held assets of $5.6m against liabilities of $24k, net assets of $5.6m. It reported 3 employees.