Waldo Community Action Partners

Analysis

Waldo Community Action Partners is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in August 1965, 61 years ago. Its declared purposes cover human services, 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 December 2023, Waldo Community Action Partners reported income of $19.6m and spending of $18.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.8m to $19.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waldo Community Action Partners sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include South Shore Association for Independent Living Inc ($19.6m), SBH Community Service Network Inc ($19.6m) and Second Harvest Food Bank of Northwest Pennsylvania ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $308k (1.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $16.3m against liabilities of $2.5m, net assets of $13.9m. It reported 224 employees.