Maine Philanthropy Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 401,872 | 333,428 | 68,444 | 15.1 | 56% |
| 2021 | 510,273 | 406,312 | 103,961 | 15.3 | 66% |
| 2022 | 480,894 | 488,952 | −8,058 | 12.5 | 65% |
| 2023 | 403,258 | 448,011 | −44,753 | 12.7 | 72% |
In its most recent public year (2023), this organization spent $44,753 more than it brought in. Its reserves stood at about 12.7 months of spending, down from 15.1 in 2020. Staff pay was 72% of spending. $40,000 of its net assets are donor-restricted.
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 2023. 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
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