Portland Olympic Club Incorporated

Analysis

Portland Olympic Club Incorporated is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 2002, 24 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, Portland Olympic Club Incorporated reported income of $230k and spending of $179k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $230k (+9.9%), an average of +4.8% a year. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Portland Olympic Club Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ME. Charities of a similar size with the same main cause include Racine Curling Club Inc ($230k), Montville Soccer Association Inc ($230k) and Delaware Valley Youth Ultimate a NJ Nonprofit Corporation ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.