Rumford Polar Bears Snowmobile Club

Analysis

Rumford Polar Bears Snowmobile Club is a registered charity in United States, based in Rumford, ME. It received its IRS tax-exemption ruling in October 2000, 26 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 June 2024, Rumford Polar Bears Snowmobile Club reported income of $55k and spending of $85k, spending 156% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $235k to $55k (-77%), an average of -52% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rumford Polar Bears Snowmobile Club sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include Sapulpa Soccer Club ($55k), Churchville Diamond Club Incorporated ($55k) and Muslim Basketball ($55k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 12% of the total. At year end it held assets of $297k against liabilities of $0, net assets of $297k.