Logo for "Maine Community Foundation Inc"

Maine Community Foundation Inc

Maine Community Foundation Inc

Ellsworth, ME, US
501(c)(3)
EIN
01-0391479
DAF Sponsor
Community Foundation
Regional Funder
Women Led
Logo for "Maine Community Foundation Inc"

Maine Community Foundation Inc

Ellsworth, ME, US
501(c)(3)
EIN
01-0391479
DAF Sponsor
Community Foundation
Regional Funder
Women Led

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$138,801,505

Contributions
56%
Other
39%
Investments
4%
Program Services
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$82,278,801

Grants
83%
Salaries & Benefits
9%
Fees to Service Providers
6%
Offices, Occupancy & IT
2%
Other
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$50,966,461
$77,063,250
+51%
Government Grants
$25,955
$43,416
+67%
Fundraising Events
$0
$0
-
Program Services
$1,141,200
$1,286,822
+13%
Membership Dues
$0
$0
-
Investments
$5,418,571
$5,685,326
+5%
Other
$51,118,191
$54,722,691
+7%
Total Revenues
$108,670,378
$138,801,505
+28%
Expenses
2023
2024
Change
Grants
$58,980,423
$68,027,345
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,080,391
$7,087,017
+17%
Fees to Service Providers
$5,499,624
$5,208,171
-5%
Advertising & Promotion
$103,367
$117,920
+14%
Offices, Occupancy & IT
$1,094,199
$1,243,125
+14%
Interest
$0
$0
-
Depreciation
$72,708
$73,199
+1%
Other
$458,902
$522,024
+14%
Total Expenses
$72,289,614
$82,278,801
+14%
Net income
2023
2024
Change
Net income
+$36,380,764
+$56,522,704
+55%
Functional Expenses
Summary
2023
2024
Change
Program
$61,202,908
$70,864,822
+16%
Admin
$8,020,148
$7,768,417
-3%
Fundraising
$3,066,558
$3,645,562
+19%
Total Expenses
$72,289,614
$82,278,801
+14%
Income Statement
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