Friends of Merrymeeting Bay

Analysis

Friends of Merrymeeting Bay is a registered charity in United States, based in Richmond, ME. It received its IRS tax-exemption ruling in November 1991, 35 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 December 2023, Friends of Merrymeeting Bay reported income of $58k and spending of $23k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $58k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 63% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Merrymeeting Bay sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 16th percentile within ME. Charities of a similar size with the same main cause include Bromeliad Society Inc ($58k), Connecticut River Joint Commissions Inc ($59k) and Oss Project Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $155 (0.7% of expenses). At year end it held assets of $502k against liabilities of $0, net assets of $502k. It reported 1 employees.