Boothbay Region Maritime Foundation

Analysis

Boothbay Region Maritime Foundation is a registered charity in United States, based in Boothbay HBR, ME. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Boothbay Region Maritime Foundation reported income of $526k and spending of $296k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $526k (+239%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 508%. Over the whole period it spent 20% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Boothbay Region Maritime 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 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Cincinnati Recycling and Reuse Hub ($526k), Highland City Foundation ($526k) and Lake Champlain International Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.