Islesboro Community Center

Analysis

Islesboro Community Center is a registered charity in United States, based in Islesboro, ME. It received its IRS tax-exemption ruling in March 2002, 24 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, Islesboro Community Center reported income of $318k and spending of $415k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $318k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Islesboro Community Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Triboro Youth Hockey Association Inc ($318k), Minnesota Asa ($318k) and Northwest Bakersfield Baseball ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $44k (11% of expenses). Other salaries and wages came to $49k. At year end it held assets of $3.4m against liabilities of $21k, net assets of $3.4m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.