Carter Community Building Association

Analysis

Carter Community Building Association is a registered charity in United States, based in Lebanon, NH. It received its IRS tax-exemption ruling in October 1949, 77 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, Carter Community Building Association reported income of $2.9m and spending of $2.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.9m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carter Community Building Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Central Florida Fair Inc ($2.9m), Utah High School Mountain Biking ($2.9m) and Eastern New York Youth Soccer Association Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $108k (4.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.9m against liabilities of $389k, net assets of $8.5m. It reported 141 employees.