The Riverside Boat Club of Cambridge

Analysis

The Riverside Boat Club of Cambridge is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 2004, 22 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, The Riverside Boat Club of Cambridge reported income of $705k and spending of $524k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $705k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Riverside Boat Club of Cambridge sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Gulf Coast Regional Volleyball Association Inc ($705k), USA Swimming Inc ($705k) and Lakeshow Basketball Corporation ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 74% of the total. Other salaries and wages came to $97k. At year end it held assets of $3.3m against liabilities of $122k, net assets of $3.2m. It reported 11 employees.