Midcoast Youth Center & Skatepark

Analysis

Midcoast Youth Center & Skatepark is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Midcoast Youth Center & Skatepark reported income of $1.5m and spending of $852k, leaving 44% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $543k to $1.5m (+179%), an average of +67% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Midcoast Youth Center & Skatepark sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Esf Dream Camp Foundation ($1.5m), P S 11 Programs Inc ($1.5m) and The Center for Grieving Children Gretchen a Johnson ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $52k (6.1% of expenses). Other salaries and wages came to $461k. At year end it held assets of $885k against liabilities of $24k, net assets of $861k. It reported 34 employees.