Forest Society of Maine

Analysis

Forest Society of Maine is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 July 2023, Forest Society of Maine reported income of $3.2m and spending of $1.4m, leaving 56% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.4m to $3.2m (+124%), an average of +22% a year. The sharpest change came in the year to July 2022, when income rose by 208%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Forest Society of Maine sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Delaware Bay and River Cooperative Inc ($3.2m), Environmental Concern Inc ($3.2m) and Robert W Monk Gardens Inc ($3.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $137k (9.7% of expenses). Other salaries and wages came to $539k. At year end it held assets of $15.8m against liabilities of $66k, net assets of $15.7m. It reported 11 employees.