Maine Coast Heritage Trust

Analysis

Maine Coast Heritage Trust is a registered charity in United States, based in Topsham, ME. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Coast Heritage Trust reported income of $26.6m and spending of $20.7m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.3m to $26.6m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 54% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Maine Coast Heritage Trust sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within ME. Charities of a similar size with the same main cause include Coastal Conservation Association ($26.5m), Desert Botanical Garden ($26.7m) and Mission Possible Partnership USA Inc ($26.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $414k (2.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $298.2m against liabilities of $1.2m, net assets of $297.0m. It reported 94 employees.