Downeast Horizons Foundation

Analysis

Downeast Horizons Foundation is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Downeast Horizons Foundation reported income of $246k and spending of $16k, leaving 93% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $1,769 to $246k (+13832%), an average of +1080% a year. The sharpest change came in the year to June 2021, when income rose by 18508%. Over the whole period it spent 7.3% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Downeast Horizons Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Medstreet Inc ($246k), Peterson Foundation for Parkinsons ($247k) and Down Syndrome Association of Central Kentucky Inc ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.