Maine Veterans Project

Analysis

Maine Veterans Project is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Maine Veterans Project reported income of $213k and spending of $197k, spending 93% of its income. Across the 3 years on record, from July 2021 to July 2023, income grew from $137k to $213k (+55%), an average of +25% a year. The sharpest change came in the year to July 2022, when income rose by 93%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maine Veterans Project sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Santa Cruz Council on Aging Inc ($213k), Jonesboro Child Care Center Inc ($213k) and Refugee Family Assistance Program ($212k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $37k against liabilities of $0, net assets of $37k. It reported 1 employees.