Camden Area Youth Seamanship Program

Analysis

Camden Area Youth Seamanship Program is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in June 2008, 18 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, Camden Area Youth Seamanship Program reported income of $441k and spending of $217k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $441k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 60% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Camden Area Youth Seamanship Program sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Michigan Sports Alliance ($441k), Quantum Martial Arts ($442k) and Sachem Youth Soccer League Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Other salaries and wages came to $138k. At year end it held assets of $355k against liabilities of $0, net assets of $355k. It reported 19 employees.