Maine Public Broadcasting Corporation

Analysis

Maine Public Broadcasting Corporation is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Maine Public Broadcasting Corporation reported income of $23.6m and spending of $17.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.1m to $23.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine Public Broadcasting Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Broadway Sacramento ($23.5m), New 42nd Street Inc ($23.6m) and Sheas Oconnel Preservation Guild Ltd ($23.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $619k (3.5% of expenses). Other salaries and wages came to $6.5m. It paid $113k in professional fundraising fees. At year end it held assets of $52.2m against liabilities of $2.7m, net assets of $49.5m. It reported 116 employees.