Ragged Mountain Recreation Area Foundation

Analysis

Ragged Mountain Recreation Area Foundation is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in March 1992, 34 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 (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, Ragged Mountain Recreation Area Foundation reported income of $131k and spending of $1,189, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $131k (+306%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 575%. Over the whole period it spent 13% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ragged Mountain Recreation Area Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Spearfish Soccer Association Inc ($131k), Evergreen Park Baseball Club ($131k) and South Coast Lacrosse Association ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.