Maine Academy of Natural Sciences

Analysis

Maine Academy of Natural Sciences is a registered charity in United States, based in Hinckley, ME. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maine Academy of Natural Sciences reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.9m (-1.0%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Academy of Natural Sciences sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within ME. Charities of a similar size with the same main cause include F O C U S Family of Communities United in Service Inc ($2.9m), Western Connecticut State University Foundation Inc ($2.9m) and United Cerebral Palsy of South Florida Charter Schools Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $113k (3.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $892k, net assets of $1.2m. It reported 47 employees.