U S M Student Senate

Analysis

U S M Student Senate is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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 2024, U S M Student Senate reported income of $485k and spending of $449k, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $725k to $485k (-33%), an average of -7.7% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U S M Student Senate sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Groveton Fire Department Association ($485k), National Church Residences of ($485k) and Habitat for Humanity International Inc ($485k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $29k (6.5% of expenses). Other salaries and wages came to $160k. At year end it held assets of $265k against liabilities of $6,365, net assets of $259k. It reported 47 employees.