Maine-Wabanaki Reach

Analysis

Maine-Wabanaki Reach is a registered charity in United States, based in Old Town, ME. It received its IRS tax-exemption ruling in March 2019, 7 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 June 2023, Maine-Wabanaki Reach reported income of $553k and spending of $538k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $150k to $553k (+270%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 109%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maine-Wabanaki Reach sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Bluegrass Youth Ballet Inc ($553k), Signature Dance Company ($553k) and BGH Foundation ($553k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $79k (15% of expenses). Other salaries and wages came to $314k. At year end it held assets of $744k against liabilities of $45k, net assets of $699k. It reported 14 employees.