Maine Educators Consortium Inc

Analysis

Maine Educators Consortium Inc is a registered charity in United States, based in Norridgewock, ME. It received its IRS tax-exemption ruling in August 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 December 2023, Maine Educators Consortium Inc reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Educators Consortium Inc 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 Ustc Initiative Fund ($1.7m), American University in Kosovo Foundation ($1.7m) and The George B Thomas Sr Learning Academy Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $371k (29% of expenses). Other salaries and wages came to $75k. At year end it held assets of $1.2m against liabilities of $25k, net assets of $1.2m. It reported 2 employees.