Skating Association of Maine

Analysis

Skating Association of Maine is a registered charity in United States, based in Hallowell, ME. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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, Skating Association of Maine reported income of $386k and spending of $374k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $399k to $386k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skating Association of Maine sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include American Association of the Order of Saint Lazarus Inc ($386k), Urological Research Foundation ($386k) and Master Ministries Inc ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 90% of the total. Other salaries and wages came to $8,702. At year end it held assets of $307k against liabilities of $0, net assets of $307k. It reported 6 employees.