Merryspring Inc

Analysis

Merryspring Inc is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in March 1974, 52 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 (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, Merryspring Inc reported income of $239k and spending of $237k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $179k to $239k (+33%), an average of +5.9% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Merryspring Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Spencerport Soccer Club Inc ($239k), Lane Amateur Hockey Association ($239k) and YMCA of Greenville Foundation Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $60k (25% of expenses). Other salaries and wages came to $64k. It paid $9,558 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $3,659, net assets of $999k. It reported 6 employees.