Goose Rocks Beach Association Inc

Analysis

Goose Rocks Beach Association Inc is a registered charity in United States, based in Kennebunkport, ME. It received its IRS tax-exemption ruling in October 1981, 45 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, Goose Rocks Beach Association Inc reported income of $161k and spending of $116k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $138k to $161k (+17%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goose Rocks Beach Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 42nd percentile within ME. Charities of a similar size with the same main cause include 40 & 8 George B Boland Nurses Training Ta ($161k), Laguna Ballet ($161k) and Chagrin Falls Meals on Wheels Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 73% of the total. Other salaries and wages came to $60k. At year end it held assets of $258k against liabilities of $0, net assets of $258k. It reported 14 employees.