Capitol Area Recreation Association

Analysis

Capitol Area Recreation Association is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in June 1979, 47 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 December 2023, Capitol Area Recreation Association reported income of $71k and spending of $55k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $78k to $71k (-9.4%), an average of -9.4% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capitol Area Recreation Association sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 21st percentile within ME. Charities of a similar size with the same main cause include Ozarks Neurological Foundation Inc ($71k), Shenandoah Valley Choral Society ($71k) and Parent Booster USA Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.