Ferry Beach Park Association

Analysis

Ferry Beach Park Association is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in September 1988, 38 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, Ferry Beach Park Association reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ferry Beach Park Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Kensington Valley Hockey Association Inc ($1.6m), Cape Fear Youth Soccer Assocation Inc ($1.6m) and Best Swim Club Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $112k (6.8% of expenses). Other salaries and wages came to $693k. At year end it held assets of $3.0m against liabilities of $679k, net assets of $2.3m. It reported 54 employees.