Out Maine

Analysis

Out Maine is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Out Maine reported income of $947k and spending of $764k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $428k to $947k (+121%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Out Maine sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within ME. Charities of a similar size with the same main cause include Community Foundation of Dunn County Inc ($946k), United Way of Iredell County Inc ($947k) and Florida K of C Charities Inc ($946k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $87k (11% of expenses). Other salaries and wages came to $340k. At year end it held assets of $1.7m against liabilities of $60k, net assets of $1.6m. It reported 9 employees.