Educare Central Maine

Analysis

Educare Central Maine is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in July 2009, 17 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 September 2023, Educare Central Maine reported income of $1.4m and spending of $544k, leaving 60% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2023, when income rose by 236%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educare Central Maine sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Accreditation Review Council on Edu in Surgical Tech & Surgical Asstg ($1.4m), Hudson Valley Hospice Foundation Inc ($1.4m) and Druid Hills Preschool Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $10.0m against liabilities of $97k, net assets of $9.9m.