Cumberland Farmers Club

Analysis

Cumberland Farmers Club is a registered charity in United States, based in Cumberland, ME. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cumberland Farmers Club reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 6 years on record, from October 2019 to December 2023, income grew from $1.4m to $2.0m (+47%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 445%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cumberland Farmers Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Community Cycling Center ($2.0m), Newburgh Armory Unity Center Inc ($2.0m) and Pasco County Fair Association Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $57k (3.0% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.3m against liabilities of $5,429, net assets of $1.3m. It reported 146 employees.