Megunticook Rowing

Analysis

Megunticook Rowing is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in September 2011, 15 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, Megunticook Rowing reported income of $114k and spending of $143k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $155k to $114k (-27%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Megunticook Rowing sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include Cresskill Cougars United Soccer Club Inc ($114k), Bonneville Cycling Club ($114k) and Hillwood Soccer Club ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 40% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.