Maplestone

Analysis

Maplestone is a registered charity in United States, based in Acton, ME. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Maplestone reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $771k to $1.4m (+83%), an average of +16% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maplestone sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Texas International Baccalaureate Schools ($1.4m), Torah Academy of Jacksonville Inc ($1.4m) and Culpeper Christian School Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $112k (8.9% of expenses). Other salaries and wages came to $625k. At year end it held assets of $664k against liabilities of $12k, net assets of $652k. It reported 15 employees.