Yarmouthcan

Analysis

Yarmouthcan is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yarmouthcan reported income of $73k and spending of $142k, spending 194% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $73k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yarmouthcan sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 22nd percentile within ME. Charities of a similar size with the same main cause include St Isidore Next Generation Foundation ($73k), Lifescape Community Services Foundation NFP ($73k) and Zonta Foothills Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $5,000, net assets of $154k.