During FY06, the Maine Humanities Council had operating income of $2,554,973 and operating expenses of $2,457,532; in FY07, it had income of $2,338,584 and expenses of $2,292,398.
The MHC’s overall budget in 2007 was lower than it was in 2006 due to the conclusion of some grant-funded projects, an unfilled staff position, and the end of the MHC’s special campaign for the Dorothy Schwartz Opportunity Fund.
While grants from the National Endowment for the Humanities comprise about one-third of the MHC’s budget in both years, this support has been supplemented by a diverse range of other income streams, from the individual contributions highlighted elsewhere in this report, to program income, and support from private foundations. Both the income and the expense figures reported in these charts and in the MHC’s audited financial statements include in-kind contributions of time, mileage and materials, valued at $601,996 in 2006, and $475,321 in 2007.
Grant and Program Activity
