Maine School of Science and Mathematics Foundation

Analysis

Maine School of Science and Mathematics Foundation is a registered charity in United States, based in Limestone, ME. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 School of Science and Mathematics Foundation reported income of $547k and spending of $366k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $148k to $547k (+268%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 143%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine School of Science and Mathematics Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Aspire Group Inc ($547k), Fairfax Futures ($547k) and Freedom Center for Independent Living ($547k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $149k. At year end it held assets of $1.1m against liabilities of $5,574, net assets of $1.1m. It reported 1 employees.