Cobbosseecontee Lake Association

Analysis

Cobbosseecontee Lake Association is a registered charity in United States, based in Manchester, ME. It received its IRS tax-exemption ruling in July 2019, 7 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, Cobbosseecontee Lake Association reported income of $544k and spending of $170k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $829k to $544k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 26% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Cobbosseecontee Lake Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include The Beaver Coalition ($544k), Oars Inc ($545k) and Central States Water Pollution Control Association Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.