Operating record

Main Insurance Agents Assoc

Hallowell, ME · EIN 01-0219810 · files full Form 990 · latest public year 2024

YearMoney inMoney outResultReserve mo.Staffing
2021$880,974$872,810$8,16412.340%
2022$941,041$883,165$57,87611.739%
2023$964,287$951,289$12,99811.244%
2024$1,093,668$961,897$131,77113.844%

In its most recent public year (2024), this organization brought in $131,771 more than it spent. Its reserves stood at about 13.8 months of spending, up from 12.3 in 2021. Staff pay was 44% of spending.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗