Greater Rumford Community Center

Analysis

Greater Rumford Community Center is a registered charity in United States, based in Rumford, ME. It received its IRS tax-exemption ruling in May 1957, 69 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Greater Rumford Community Center reported income of $236k and spending of $222k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $277k to $236k (-15%), an average of -3.9% a year. The sharpest change came in the year to August 2021, when income rose by 415%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Rumford Community Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Spokane Police Chaplain Advisory Board ($236k), Wilson Disease Association ($236k) and Music in the Park Inc ($236k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 19% of the total. Other salaries and wages came to $84k. At year end it held assets of $44k against liabilities of $0, net assets of $44k. It reported 5 employees.