Maine Learning Innovations

Analysis

Maine Learning Innovations is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in August 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 Learning Innovations reported income of $5.4m and spending of $5.0m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.1m to $5.4m (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Learning Innovations 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 92nd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include City Academy Inc ($5.4m), Kairospdx ($5.4m) and Friends & Foundation of the San Francisco Public Library ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (2.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $3.4m against liabilities of $663k, net assets of $2.8m. It reported 62 employees.