Carmel Snowmobile Club Inc

Analysis

Carmel Snowmobile Club Inc is a registered charity in United States, based in Carmel, ME. It received its IRS tax-exemption ruling in June 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carmel Snowmobile Club Inc reported income of $73k and spending of $37k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $73k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 58% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carmel Snowmobile Club Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 21st percentile within ME. Charities of a similar size with the same main cause include Woodberry Crossing Inc ($73k), Conshohocken Baseball Association ($73k) and Stevens Point American Legion Baseball Club Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.