Maine Blue Collar Scholarship Foundation

Analysis

Maine Blue Collar Scholarship Foundation is a registered charity in United States, based in Gorham, ME. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maine Blue Collar Scholarship Foundation reported income of $360k and spending of $115k, leaving 68% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $117k to $360k (+207%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maine Blue Collar Scholarship Foundation sits at the 68th percentile: it is larger than about 68% 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 Theosophical Investment Trust ($360k), Residential Properties Inc ($360k) and Ohel Batsheva ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $524k against liabilities of $0, net assets of $524k.