Alfond Youth & Community Center

Analysis

Alfond Youth & Community Center is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 March 2023, Alfond Youth & Community Center reported income of $2.9m and spending of $4.7m, spending 162% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $10.6m to $2.9m (-73%), an average of -35% a year. The sharpest change came in the year to March 2021, when income dropped by 59%. Over the whole period it spent 63% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Alfond Youth & Community Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within ME. Charities of a similar size with the same main cause include Police Activity League of Waterburyinc ($2.9m), Boy Scouts of America ($2.9m) and Kids in the Spotlight Inc ($2.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 54% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $336k (7.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $43.3m against liabilities of $3.3m, net assets of $40.0m. It reported 307 employees.