The Maine Heritage Policy Center

Analysis

The Maine Heritage Policy Center is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2023, The Maine Heritage Policy Center reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $640k to $1.7m (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Maine Heritage Policy Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Wilson Research Foundation ($1.7m), Fury Legacy Fund Inc ($1.7m) and Sylva-Bay Academy Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $258k (18% of expenses). Other salaries and wages came to $502k. At year end it held assets of $693k against liabilities of $266k, net assets of $427k. It reported 15 employees.