EDUCATE MAINE

PORTLAND, ME, 04101-3437 (207) 347-8638 Est. 2003 EIN 20-3559947

B05 - Research Institutes & Public Policy Analysis 990 - Public charity return 501(c)(3)

Mission

To champion college and career readiness and strive to increase the educational attainment of the Maine workforce.

Total Revenue

$3,619,426

Total Expenses

$2,797,614

Net Assets

$1,593,143

18 employees

From latest filing (tax period ending 2024-12-31)

Operating Reserve

6.8 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 67.2%

Expenses ↑ 23.3%

Revenue Sources

Contributions 94.4% Earned revenue 5.6%

Expense Breakdown

Program 80.1% Management 15.5% Fundraising 4.4%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$3,619,426 ↑	$2,797,614	$1,593,143
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$2,165,035 ↑	$2,268,982	$771,331
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$1,542,987 ↑	$1,701,737	$875,278
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$852,659 ↓	$1,120,357	$1,034,028
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$1,324,808 ↑	$1,405,912	$1,301,726
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$1,205,117	$992,407	$829,246