Friends of Katahdin Woods and Waters

Analysis

Friends of Katahdin Woods and Waters is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of Katahdin Woods and Waters reported income of $1.9m and spending of $3.8m, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $655k to $1.9m (+196%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 421%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Katahdin Woods and Waters sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include The Good Information Foundation ($1.9m), Words Beats and Life Inc ($1.9m) and Charles B Goddard Center for Visual and Performing Arts Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $156k (4.2% of expenses). Other salaries and wages came to $360k. At year end it held assets of $2.8m against liabilities of $665k, net assets of $2.2m. It reported 8 employees.