Chebeague & Cumberland Land Trust Inc

Analysis

Chebeague & Cumberland Land Trust Inc is a registered charity in United States, based in Cumberland, ME. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 & Cumberland Land Trust Inc reported income of $330k and spending of $232k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $330k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chebeague & Cumberland Land Trust Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Fort Bliss Spouses Association ($330k), St Joseph Medical Center Foundation ($330k) and Holy Spirit College Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $66k (28% of expenses). Other salaries and wages came to $67k. At year end it held assets of $2.2m against liabilities of $7,458, net assets of $2.2m. It reported 4 employees.