Damariscotta Pumpkinfest

Analysis

Damariscotta Pumpkinfest is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in September 2009, 17 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, Damariscotta Pumpkinfest reported income of $87k and spending of $94k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $87k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Damariscotta Pumpkinfest sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 26th percentile within ME. Charities of a similar size with the same main cause include Delaware Valley Orienteering Association ($87k), Young MVPS ($87k) and Charlotte Junior Orioles Inc ($87k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.