Chebeague Recreation Center Inc

Analysis

Chebeague Recreation Center Inc is a registered charity in United States, based in Chebeague Is, ME. It received its IRS tax-exemption ruling in August 1996, 30 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, Chebeague Recreation Center Inc reported income of $493k and spending of $463k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $493k (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chebeague Recreation Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Hypothekids Inc ($493k), Pillar Foundation ($494k) and Oom Yung Doe@kirkland ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $114k. At year end it held assets of $1.1m against liabilities of $54k, net assets of $1.1m. It reported 25 employees.