Saco Meals Program

Analysis

Saco Meals Program is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2024, Saco Meals Program reported income of $51k and spending of $34k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $53k to $51k (-4.1%), an average of -4.1% a year. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saco Meals Program sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 13th percentile within ME. Charities of a similar size with the same main cause include Starland Charities ($51k), Power to Soar Foundation ($51k) and Reed City Area Food Pantry ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.