Hine Corporation

Analysis

Hine Corporation is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hine Corporation reported income of $349k and spending of $373k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $349k (+10%), an average of +2.5% a year. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hine Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include Tri-County Meals ($349k), Augusta Jewish Federation ($349k) and Freeport Community Foundation ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$272k.