Casco Bay Bluefin Bonanza

Analysis

Casco Bay Bluefin Bonanza is a registered charity in United States, based in Pownal, ME. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Casco Bay Bluefin Bonanza reported income of $137k and spending of $135k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $137k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Casco Bay Bluefin Bonanza sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Highland Athletic Boosters Inc ($137k), Montreat College Foundation Inc ($137k) and Oak Trace Elementary Parent Teacher Organization Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.