Maine Connections Academy Inc

Analysis

Maine Connections Academy Inc is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Maine Connections Academy Inc reported income of $5.6m and spending of $5.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.6m (+25%), an average of +5.7% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Connections Academy Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Willie Ross School for the Deaf Inc ($5.6m), Gem Prep Pocatello LLC ($5.6m) and Girls Leadership Academy of Wilmington Foundation ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $634k, net assets of $1.1m.