Midcoast Senior College

Analysis

Midcoast Senior College is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Midcoast Senior College reported income of $134k and spending of $143k, spending 107% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $124k to $134k (+7.8%), an average of +7.8% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midcoast Senior College sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Midtown High School Ptso ($134k), Independence High School Education Foundation ($134k) and Accessible Arts Vsa Kansas Inc ($134k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 47% of the total. At year end it held assets of $287k against liabilities of $2,496, net assets of $285k.