Memphremagog Community Maritime

Analysis

Memphremagog Community Maritime is a registered charity in United States, based in Newport, VT. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Memphremagog Community Maritime reported income of $224k and spending of $266k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $314k to $224k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Memphremagog Community Maritime sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 47th percentile within VT. Charities of a similar size with the same main cause include Southern California Plumeria Society Inc ($224k), Bexar Branches Alliance Corp ($224k) and Shadowcliff ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 46% of the total. Other salaries and wages came to $93k. At year end it held assets of $343k against liabilities of $168k, net assets of $175k. It reported 12 employees.