Cobscook Community Learning Center

Analysis

Cobscook Community Learning Center is a registered charity in United States, based in Trescott TWP, ME. It received its IRS tax-exemption ruling in March 1990, 36 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, Cobscook Community Learning Center reported income of $724k and spending of $1.2m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $724k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cobscook Community Learning Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include California Historical Radio Society ($724k), White Sands HFH Inc ($724k) and Bristol Rescue Squad Inc ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 45% of the total. Other salaries and wages came to $537k. At year end it held assets of $3.0m against liabilities of $483k, net assets of $2.5m. It reported 20 employees.