Chebeague Island Council

Analysis

Chebeague Island Council is a registered charity in United States, based in Chebeague Island, ME. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 February 2024, Chebeague Island Council reported income of $84k and spending of $71k, spending 84% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $155k to $84k (-46%), an average of -46% a year. The sharpest change came in the year to February 2024, when income dropped by 46%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chebeague Island Council sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 25th percentile within ME. Charities of a similar size with the same main cause include Oak Tree Apartments Inc ($84k), PTA Florida Congress ($84k) and Rackham Symphony Choir ($84k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 53% of the total. At year end it held assets of $273k against liabilities of $14, net assets of $273k.