Mid-Coast Recreation Center Inc

Analysis

Mid-Coast Recreation Center Inc is a registered charity in United States, based in Rockport, ME. It received its IRS tax-exemption ruling in June 2010, 16 years ago. 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, Mid-Coast Recreation Center Inc reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Coast Recreation Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ME. Charities of a similar size with the same main cause include Lhaq Temish Foundation ($1.5m), Asf Foundation Inc ($1.5m) and George C Marshall Research Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $101k (7.8% of expenses). Other salaries and wages came to $549k. At year end it held assets of $2.9m against liabilities of $36k, net assets of $2.9m. It reported 40 employees.