Charles Moore Arena Inc

Analysis

Charles Moore Arena Inc is a registered charity in United States, based in Orleans, MA. It received its IRS tax-exemption ruling in February 1981, 45 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 June 2023, Charles Moore Arena Inc reported income of $815k and spending of $753k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $586k to $815k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charles Moore Arena Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include The Childrens Life-Saving Foundation ($815k), Neptune Swimming ($815k) and Wenatchee Valley Tread ($814k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 93% of the total. Other salaries and wages came to $257k. At year end it held assets of $1.2m against liabilities of $516k, net assets of $664k. It reported 34 employees.