Mount Desert 365

Analysis

Mount Desert 365 is a registered charity in United States, based in Northeast Harbor, ME. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mount Desert 365 reported income of $328k and spending of $652k, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $328k (-69%), an average of -25% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Desert 365 sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Northend Rise Inc ($328k), Wednesday Club of St Louis ($328k) and Corvallis Multicultural Literacy Center ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $139k (21% of expenses). Other salaries and wages came to $121k. It paid $14k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $977k, net assets of $8.9m. It reported 3 employees.