Nasson Center Redevelopment Inc

Analysis

Nasson Center Redevelopment Inc is a registered charity in United States, based in Springvale, ME. It received its IRS tax-exemption ruling in October 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, Nasson Center Redevelopment Inc reported income of $450k and spending of $527k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $450k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nasson Center Redevelopment Inc 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 Black Lake Fish & Game Association ($450k), Border Youth Tennis Exchange Inc ($450k) and B-Cc Crew Boosters Inc ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $47k (9.0% of expenses). Other salaries and wages came to $199k. At year end it held assets of $1.2m against liabilities of $130k, net assets of $1.0m. It reported 10 employees.