The River Fund Maine

Analysis

The River Fund Maine is a registered charity in United States, based in Newry, ME. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The River Fund Maine reported income of $175k and spending of $253k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $595k to $175k (-71%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The River Fund Maine sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 44th percentile within ME. Charities of a similar size with the same main cause include Cooperative Ministries Council ($175k), Eastside Friends of Seniors ($175k) and Martin Area Resource Center ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $93k (37% of expenses). Other salaries and wages came to $23k. At year end it held assets of $523k against liabilities of $3,613, net assets of $520k. It reported 2 employees.