Chebeague Island Community Association

Analysis

Chebeague Island Community Association is a registered charity in United States, based in Chebeague Is, ME. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Chebeague Island Community Association reported income of $55k and spending of $56k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $55k (-66%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chebeague Island Community Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include Monument Square District Inc ($55k), Kiwanis Club of Valparaiso Sunrise Incorporated ($55k) and Rock Hill Sports Commission ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $474k against liabilities of $11k, net assets of $463k.