Gulf of Maine Institute Inc

Analysis

Gulf of Maine Institute Inc is a registered charity in United States, based in West Newbury, MA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Gulf of Maine Institute Inc reported income of $119k and spending of $122k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $119k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Gulf of Maine Institute Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Clean Drinking Water Project ($119k), Friend of Pleasant Bay Inc ($119k) and Blossom & Bloom Shop Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.