Camps Newfound Owatonna Corporation

Analysis

Camps Newfound Owatonna Corporation is a registered charity in United States, based in Harrison, ME. It received its IRS tax-exemption ruling in July 1973, 53 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 September 2023, Camps Newfound Owatonna Corporation reported income of $4.0m and spending of $2.4m, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $4.0m (+69%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 157%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Camps Newfound Owatonna Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Gwinnett Soccer Association Inc ($4.0m), Team Summit ($4.0m) and Pennsylvania National Horse Show Foundation ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $439k (18% of expenses). Other salaries and wages came to $599k. At year end it held assets of $11.1m against liabilities of $23k, net assets of $11.0m. It reported 124 employees.