Midcoast Literacy

Analysis

Midcoast Literacy is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Midcoast Literacy reported income of $195k and spending of $187k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $172k to $195k (+13%), an average of +13% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midcoast Literacy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include Cosmic Writers Corp ($195k), Girl Friends Fund Inc ($195k) and Science of Mind Archives and Library Foundation ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $115k against liabilities of $16k, net assets of $99k.