Coastal Maine Aquatics

Analysis

Coastal Maine Aquatics is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in July 2023, 3 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 August 2023, Coastal Maine Aquatics reported income of $221k and spending of $248k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $214k to $221k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to August 2022, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coastal Maine Aquatics sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Handi Riders Inc ($221k), Force Soccer Club ($221k) and Az Omega Booster Club ($221k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $63k (25% of expenses). Other salaries and wages came to $48k. At year end it held assets of $9,776 against liabilities of $2,629, net assets of $7,147. It reported 6 employees.