Maine Center Ventures

Analysis

Maine Center Ventures is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maine Center Ventures reported income of $357k and spending of $1.1m, spending 319% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $357k (-67%), an average of -24% a year. The sharpest change came in the year to June 2020, when income rose by 125%. 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, Maine Center Ventures sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include Windswept Academy ($357k), Fort Bend Forward Inc ($357k) and Friends of San Pasqual Academy Inc ($357k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.