P โ€” Human ServicesEIN: 844746926ยท Ruling Year: 2020

Maine Needs Inc

Portland, Maine

B+Health Score
74B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$3.0M
Total Revenue
๐Ÿ“Š
$2.8M
Total Expenses
๐Ÿฆ
$699K
Net Assets
๐Ÿ“‹
$5K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+170.3%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+5.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.25
Net assets divided by total expenses
Liabilities-to-Assets
0.7%
Total liabilities as % of total assets

Filing History

4 filings on record
YearRevenueExpensesAssets
2023$2,982,971โ†‘170%$2,827,069โ†‘201%$703,655โ†‘25%
2022$1,103,639โ†‘37%$940,006โ†‘65%$562,977โ†‘45%
2021$808,261โ†‘129%$569,230โ†‘155%$388,508โ†‘199%
2020$353,213$223,344$129,869

Frequently Asked Questions

What does Maine Needs Inc do?โ–ผ

Maine Needs Inc is a human services nonprofit organization based in Maine. It is classified under NTEE code P20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Maine Needs Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Maine Needs Inc has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Maine Needs Inc generate?โ–ผ

Maine Needs Inc reports $5.4M in annual revenue and holds $1.1M in total assets, based on IRS filings.

Similar Organizations

Explore more organizations in the Human Services category, or browse all nonprofits in Maine.

Maine Needs Inc โ€” Portland, ME | GiveScope