Maine Center for Economic Policy

Analysis

Maine Center for Economic Policy is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover social science, 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 December 2023, Maine Center for Economic Policy reported income of $1.3m and spending of $1.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 94% 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 Center for Economic Policy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Pensacola Lighthouse Association Inc ($1.3m), Glenview Stars Hockey Assn 5 Glenview Ice Center ($1.3m) and Edmonds Center for the Arts ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $130k (8.7% of expenses). Other salaries and wages came to $906k. At year end it held assets of $1.1m against liabilities of $53k, net assets of $1.0m. It reported 13 employees.