Catholic Foundation of Maine

Analysis

Catholic Foundation of Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Catholic Foundation of Maine reported income of $3.4m and spending of $1.7m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $797k to $3.4m (+329%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 295%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation of Maine sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include International Baptist Church Ministries a TX Non-Profit Corp ($3.4m), Talmud Tora Breslev Inc ($3.4m) and Great Revelations Academy Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $156k. At year end it held assets of $37.9m against liabilities of $40k, net assets of $37.8m. It reported 5 employees.