Friends of Quarry Road

Analysis

Friends of Quarry Road is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in March 2012, 14 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 May 2023, Friends of Quarry Road reported income of $57k and spending of $140k, spending 243% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $76k to $57k (-25%), an average of -6.9% a year. The sharpest change came in the year to May 2021, when income rose by 222%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Quarry Road 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 23rd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include Rocky Mountain Dressage Society Incorporated ($57k), Twin Cities Wrestling Club Inc ($57k) and Muhlenberg Soccer Association ($57k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. It paid $16k in professional fundraising fees. At year end it held assets of $156k against liabilities of $0, net assets of $156k.