Maine Council on Aging

Analysis

Maine Council on Aging is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Maine Council on Aging reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $1.0m (+224%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maine Council on Aging sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include Boy Scouts of America ($1.0m), Goodlettsville Help Center Inc ($1.0m) and Community Studies Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $219k (22% of expenses). Other salaries and wages came to $202k. It paid $50k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $88k.