Central Maine Community College Foundation

Analysis

Central Maine Community College Foundation is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in October 1989, 37 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 June 2024, Central Maine Community College Foundation reported income of $192k and spending of $129k, leaving 33% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $210k to $192k (-8.7%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 267%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Maine Community College Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include Clayton Improvements ($192k), Citizen Outreach Foundation Inc ($192k) and United North Amityville Youth Organ Ization Inc ($192k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.