Friends of Community Fitness

Analysis

Friends of Community Fitness is a registered charity in United States, based in Guilford, ME. It received its IRS tax-exemption ruling in September 2005, 21 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 June 2023, Friends of Community Fitness reported income of $277k and spending of $232k, spending 84% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $240k to $277k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Community Fitness sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Denmark Youth Baseball League ($277k), Little Falls Sports Arena Inc ($278k) and Michigan Interscholastic Horsemanship Association ($277k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $71k (31% of expenses). Other salaries and wages came to $20k. At year end it held assets of $170k against liabilities of $0, net assets of $170k. It reported 19 employees.