Financials

FINANCIALS

Where Your Generous Contributions Go

We’re making sure that every dollar goes as far as possible for Maine’s coast. For every $10 we spent in 2024, $9 went directly to protecting and caring for Maine’s coastal lands, islands, and connecting people to the coast.

Notes on Financial Information

Maine Coast Heritage Trust is a nonprofit, tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code, a publicly supported organization as defined in Section 170(b)(1)(A)(vi) and not a private foundation under Section 509(a). Contributions are tax deductible IRS TIN #23-7099105.

The audited financial statements and independent auditors’ report for 2023 were prepared by Berry Dunn, CPAs.

Where funds come from

• Private Restricted Contributions & Grants (48%)
• Investment Draw (24%)
• Annual Fund (18%)
• Public Restricted Grants (2%)
• Other Revenue (8%)

The above represents a summary of how your generous contributions were spent during 2024 and the sources of funds applied. Here are the links to our 2024 Audited Financial Statements (PDF) and 2024 Form 990 (PDF).