Maine Coast Rowing Association

Analysis

Maine Coast Rowing Association is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Coast Rowing Association reported income of $196k and spending of $185k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $196k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maine Coast Rowing Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include East Nashville Hope Exchange Inc ($196k), International Spa Association Foundation Ltd ($196k) and Solar Car Challenge Foundation ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 41% of the total. At year end it held assets of $140k against liabilities of $1,229, net assets of $138k.