Community Boating Inc

Analysis

Community Boating Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1951, 75 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, Community Boating Inc reported income of $3.0m and spending of $2.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.0m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Community Boating Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Cobb County Fair Association Inc ($3.0m), Southeast Association for Special Parks and Recreation ($3.0m) and Emily Krzyzewski Center Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $147k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.1m against liabilities of $931k, net assets of $6.2m. It reported 111 employees.