Mount Desert Island Marathon Inc

Analysis

Mount Desert Island Marathon Inc is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mount Desert Island Marathon Inc reported income of $65k and spending of $59k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30k to $65k (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 209%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mount Desert Island Marathon Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 19th percentile within ME. Charities of a similar size with the same main cause include Corona & Frederick Lewis Char TR ($65k), Union Hill School Parent Teachers Club ($65k) and Husayn for Humanity ($65k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9,572 against liabilities of $0, net assets of $9,572.