Friends of Cobbossee Watershed District

Analysis

Friends of Cobbossee Watershed District is a registered charity in United States, based in East Winthrop, ME. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2021, Friends of Cobbossee Watershed District reported income of $440k and spending of $454k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $460k to $440k (-4.4%), an average of -2.2% a year. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Cobbossee Watershed District sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Mississippi River Parkway Commission ($440k), Paul Bunyan Arboretum ($440k) and Laguna Ocean Foundation ($440k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 69% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). Other salaries and wages came to $223k. At year end it held assets of $162k against liabilities of $27k, net assets of $135k. It reported 46 employees.