Maine Ultimate Inc

Analysis

Maine Ultimate Inc is a registered charity in United States, based in Yarmouth, ME. It received its IRS tax-exemption ruling in November 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maine Ultimate Inc reported income of $204k and spending of $209k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $218k to $204k (-6.5%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income rose by 33%. 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, Maine Ultimate Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Community Center of Hope Inc ($204k), San Clemente Girls Softball ($204k) and Core Athletics Youth Association ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $12k (6.0% of expenses). At year end it held assets of $95k against liabilities of -$3, net assets of $95k.