Educate Maine

Analysis

Educate Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Educate Maine reported income of $2.2m and spending of $2.3m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educate Maine sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Erudite Technology Group ($2.2m), Newberry Christian Community School Inc ($2.2m) and Vt-Hec Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $118k (5.2% of expenses). Other salaries and wages came to $686k. At year end it held assets of $983k against liabilities of $212k, net assets of $771k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.