Maine Infonet Collaborative

Analysis

Maine Infonet Collaborative is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Maine Infonet Collaborative reported income of $696k and spending of $787k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $711k to $696k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maine Infonet Collaborative sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Donors Capital Fund Inc ($696k), Grans Learning Center Inc ($696k) and Rahabs Retreat and Ranch Inc ($696k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $730k against liabilities of $88k, net assets of $642k.