Maine Center for Coastal Fisheries

Analysis

Maine Center for Coastal Fisheries is a registered charity in United States, based in Stonington, ME. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover science and technology, 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 June 2023, Maine Center for Coastal Fisheries reported income of $561k and spending of $624k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.2m to $561k (-55%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 117% 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 Coastal Fisheries 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 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Royal Academy of Dancing ($561k), Hot Summer Jazz Festival ($561k) and Nebraska Writers Collective ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $244k. At year end it held assets of $1.7m against liabilities of $292k, net assets of $1.4m.