Wawenock Country Club

Analysis

Wawenock Country Club is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in August 1983, 43 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, Wawenock Country Club reported income of $433k and spending of $452k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $433k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wawenock Country Club sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include American Sailboat Racing Foundation Inc ($433k), Park Ridge Jr Hawks Baseball Club Inc ($433k) and Landis Valley Associates ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $216k (48% of expenses). At year end it held assets of $756k against liabilities of $16k, net assets of $740k. It reported 17 employees.