Kollegewidgwok Sailing and Education Association

Analysis

Kollegewidgwok Sailing and Education Association is a registered charity in United States, based in Blue Hill, ME. It received its IRS tax-exemption ruling in October 2003, 23 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 December 2023, Kollegewidgwok Sailing and Education Association reported income of $174k and spending of $221k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $174k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kollegewidgwok Sailing and Education Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 44th percentile within ME. Charities of a similar size with the same main cause include Midland Figure Skating Club Inc ($174k), Valparaiso Americans Baseball Inc ($174k) and Springville Youth Soccer Association ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 57% of the total. Other salaries and wages came to $88k. At year end it held assets of $494k against liabilities of $11k, net assets of $483k. It reported 14 employees.