Maine Coast Fishermens Association

Analysis

Maine Coast Fishermens Association is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in July 2012, 14 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 December 2023, Maine Coast Fishermens Association reported income of $2.9m and spending of $1.8m, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.7m to $2.9m (+68%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 78% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Maine Coast Fishermens Association sits at the 90th 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 88th percentile within ME. Charities of a similar size with the same main cause include Big Waters Land Trust Inc ($2.9m), International Union of Forest Research Organizations ($2.9m) and Society for Ecological Restoration Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $108k (5.9% of expenses). Other salaries and wages came to $300k. It paid $70k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $234k, net assets of $3.3m. It reported 8 employees.