Team Maine Athletics

Analysis

Team Maine Athletics is a registered charity in United States, based in Gray, ME. It received its IRS tax-exemption ruling in November 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Team Maine Athletics reported income of $56k and spending of $57k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $56k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Maine Athletics sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include Spirit of Saint Louis Squash Foundation ($56k), Taylor Junior Football Club Inc ($56k) and Humbolt Bay Rowing Association ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 55% of the total. At year end it held assets of $9,201 against liabilities of $0, net assets of $9,201.