Don’t overlook nonprofits’ role in the Maine economy

Don’t overlook nonprofits’ role in the Maine economy

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Nonprofits support Maine’s future by focusing on early care and education and connecting youth with service and work opportunities. They promote economic development by counseling and investing in entrepreneurs and small businesses. They provide an essential safety net of physical and mental health services for those in need, and they enrich our natural and built environments through environmental preservation and the arts.

In a 2019 report, “Adding Up Impact: Maine Nonprofits at Work,” the Maine Association of Nonprofits outlines the economic impact of Maine’s nearly 3,000 reporting public charities, which includes 501(c)(3) organizations that are registered with the state of Maine, file tax returns and operate for public-benefit purposes. Public charities are only part of the nonprofit sector, making up 73% of the total number of tax-exempt organizations in Maine.

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Mainebiz
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