Maine Peoples Resource Center

Analysis

Maine Peoples Resource Center is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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 Peoples Resource Center reported income of $2.6m and spending of $3.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maine Peoples Resource Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Prairie Mission Retirement Village Inc ($2.6m), Shree Shakti Mander of Atlanta Inc ($2.6m) and V I P Tots Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $284k (9.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.1m against liabilities of $180k, net assets of $1.9m. It reported 3 employees.