Mount Desert Island Community Sailing and Maritime Education

Analysis

Mount Desert Island Community Sailing and Maritime Education is a registered charity in United States, based in Southwest HBR, ME. It received its IRS tax-exemption ruling in December 2007, 19 years ago. 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, Mount Desert Island Community Sailing and Maritime Education reported income of $358k and spending of $339k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $358k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 317%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Desert Island Community Sailing and Maritime Education sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include San Ramon Valley Education Foundation ($358k), Family to Family Network ($358k) and Leadership Lincoln Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. Other salaries and wages came to $167k. At year end it held assets of $2.0m against liabilities of $3,350, net assets of $2.0m. It reported 16 employees.