Mid-coast Economic Development Council
501(c)(6)
Only null% goes to programs Thin reserves Growing revenue
Mid-coast Economic Development Council is a 501(c)(6) organization based in Wiscasset, Maine, registered in 1989, with $194,601 in FY2022 revenue. CharityIndex grades it C.
297 Bath Rd, Wiscasset, ME, 04578 EIN 22-2982547 Since 1989
Revenue (FY2022)
$195K
▲ 16.4% vs prior year
Expenses (FY2022)
$230K
Net assets
$17K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mid-coast Economic Development Council— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mid-coast Economic Development Council: 1 mo reserves · -18% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mid-coast Economic Development Council— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mid-coast Economic Development Council: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $107K (FY2012) to $195K (FY2022) across 11 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $12KNet assets $17K
Operating margin
-18.0%
Spent more than it raised in the latest fiscal year.
Total assets
$29K
Total liabilities
$12K
Net assets
$17K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $194,601▲16.4% | $229,718▲35.1% | $17,130▼67.2% | $29,126▼72.9% | 990EZ |
| 2021 | $167,248▼14.6% | $170,013▼11.6% | $52,247▼5.0% | $107,416▼6.9% | 990EZ |
| 2020 | $195,757▲50.7% | $192,245▲46.8% | $55,012▲6.8% | $115,344▲59.1% | 990EZ |
| 2019 | $129,929▼14.2% | $130,988▼15.7% | $51,500▼2.0% | $72,491▼19.5% | 990EZ |
| 2018 | $151,386▼14.9% | $155,382▲6.0% | $52,559▼7.1% | $90,073▲18.4% | 990EZ |
| 2017 | $177,855▲19.9% | $146,542▲23.8% | $56,555▲124% | $76,045▲122% | 990EZ |
| 2016 | $148,346▲45.8% | $118,336▲3.8% | $25,242▲629% | $34,242▲110% | 990EZ |
| 2015 | $101,753▼7.8% | $113,957▼15.7% | -$4,768▼164% | $16,320▼47.5% | 990EZ |
| 2014 | $110,401▼16.5% | $135,230▲20.0% | $7,436▼77.0% | $31,089▼3.6% | 990EZ |
| 2013 | $132,201▲23.9% | $112,702▲8.2% | $32,265▲153% | $32,265▲153% | 990EZ |
| 2012 | $106,701 | $104,143 | $12,766 | $12,766 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Mid-coast Economic Development Council a legitimate nonprofit?
- Yes. Mid-coast Economic Development Council is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 22-2982547, based in Wiscasset, Maine.
- What is Mid-coast Economic Development Council's EIN?
- Mid-coast Economic Development Council's Employer Identification Number (EIN) is 22-2982547.
- How much revenue does Mid-coast Economic Development Council report?
- Mid-coast Economic Development Council reported $194,601 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Mid-coast Economic Development Council have?
- CharityIndex grades Mid-coast Economic Development Council C, based on financial health (reserves and operating margin).
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Data for Mid-coast Economic Development Council (EIN 22-2982547) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.