River City Athletics

Analysis

River City Athletics is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in November 2016, 10 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, River City Athletics reported income of $455k and spending of $295k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $455k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 43%. 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, River City Athletics 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 69th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Middle Georgia Soccer Association Inc ($455k), Carroll Emerald Belles Booster Club ($456k) and Bair Island Aquatic Center Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $61k (21% of expenses). Other salaries and wages came to $61k. At year end it held assets of $494k against liabilities of $211k, net assets of $283k. It reported 2 employees.