Midcoast Outdoor Leadership Initiative

Analysis

Midcoast Outdoor Leadership Initiative is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Midcoast Outdoor Leadership Initiative reported income of $89k and spending of $88k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $89k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midcoast Outdoor Leadership Initiative sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 27th percentile within ME. Charities of a similar size with the same main cause include Hebrew Free Loan of New Jersey Inc ($89k), Birthright of Columbus Inc ($89k) and Ruff Ryders to the Rescue Foundation ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 18% of the total. At year end it held assets of $122k against liabilities of $10, net assets of $122k.