Growsmart Maine

Analysis

Growsmart Maine is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Growsmart Maine reported income of $482k and spending of $419k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $216k to $482k (+123%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 116%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Growsmart Maine sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Coastal Georgia Indicators Coalition Inc ($482k), Clean Air Coalition of Western New York Inc ($483k) and National Energy Resources Organization Inc ($482k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $79k (19% of expenses). Other salaries and wages came to $56k. At year end it held assets of $460k against liabilities of $272k, net assets of $189k. It reported 3 employees.