Maine Association for the Education of Young Children

Analysis

Maine Association for the Education of Young Children is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Maine Association for the Education of Young Children reported income of $730k and spending of $707k, spending 97% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $262k to $730k (+178%), an average of +67% a year. The sharpest change came in the year to June 2022, when income rose by 154%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Association for the Education of Young Children sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Navigate STL Schools ($730k), Top Honors Incorporated ($730k) and Ixs Foundation ($730k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $69k (9.7% of expenses). Other salaries and wages came to $154k. At year end it held assets of $388k against liabilities of $35k, net assets of $353k. It reported 4 employees.