Midcoast Conservancy

Analysis

Midcoast Conservancy is a registered charity in United States, based in Waldoboro, ME. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Midcoast Conservancy reported income of $2.8m and spending of $2.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.0m to $2.8m (+45%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 70% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Midcoast Conservancy sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Leave No Trace Center for Outdoor Ethics ($2.8m), Environmental League of Massachusetts Inc ($2.8m) and Drive Clean Indiana Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $99k (5.0% of expenses). Other salaries and wages came to $891k. At year end it held assets of $12.9m against liabilities of $1.2m, net assets of $11.8m. It reported 24 employees.