MAINE COMMUNITY FOUNDATION INC
245 MAIN ST, ELLSWORTH, ME · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $138,801,505 | $82,278,801 | $652,248,588 |
| FY2023 | $108,670,378 | $72,289,614 | $580,987,325 |
| FY2022 | $52,365,869 | $66,170,535 | $529,399,438 |
| FY2021 | $98,048,575 | $54,618,819 | $639,221,327 |
| FY2020 | $58,485,060 | $52,568,495 | $546,008,573 |
| FY2019 | $41,862,877 | $44,188,042 | $470,159,800 |
| FY2018 | $60,385,854 | $41,937,720 | $419,754,180 |
| FY2017 | $66,291,435 | $35,913,386 | $433,059,783 |
| FY2016 | $46,966,653 | $36,769,513 | $361,666,421 |
| FY2015 | $54,700,210 | $37,707,058 | $338,955,057 |
| FY2014 | $44,725,097 | $26,986,473 | $337,380,145 |
| FY2013 | $48,347,448 | $22,594,290 | $315,558,376 |
| FY2012 | $24,767,941 | $19,536,023 | $261,121,706 |
| FY2011 | $41,662,454 | $20,610,492 | $234,768,952 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $77,106,666 | 98% |
| Program service revenue | $1,286,822 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $70,864,822 | 86% |
| Management & general | $7,768,417 | 9% |
| Fundraising | $3,645,562 | 4% |
What the numbers show
- Contributions & grants made up 98% of total revenue in FY2024.
- Program services accounted for 86% of functional expenses, management & general 9%, and fundraising 4%.
- 86% of functional expenses went to program services in FY2024. That is higher than 36.3% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in ME for a state comparison).
- Net assets covered about 95.1 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 234 Philanthropy, Voluntarism & Grantmaking Foundations organizations in ME.
- Total revenue was higher than 100.4% of 236 Philanthropy, Voluntarism & Grantmaking Foundations organizations in ME.
- Total revenue rose from $41,662,454 in FY2011 to $138,801,505 in FY2024, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2019, FY2022).
- Net assets grew from $234,768,952 to $652,248,588 between FY2011 and FY2024.
- Contributions and grants made up 84% of revenue in FY2011 and 56% in FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
To bring people and resources together to build a better Maine.
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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