Island Community Center Inc

Analysis

Island Community Center Inc is a registered charity in United States, based in Stonington, ME. It received its IRS tax-exemption ruling in March 2003, 23 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, Island Community Center Inc reported income of $211k and spending of $212k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $211k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Island Community Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Santa Susana Boys Baseball League ($211k), Metro Fha ($211k) and Mountain Lakes-Boonton Township- Boonton Soccer Club ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 38% of the total. Other salaries and wages came to $81k. At year end it held assets of $720k against liabilities of $10k, net assets of $710k. It reported 8 employees.