Greater Lawrence Community Boating Program Inc

Analysis

Greater Lawrence Community Boating Program Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 October 2023, Greater Lawrence Community Boating Program Inc reported income of $452k and spending of $559k, spending 124% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $510k to $452k (-11%), an average of -3.0% a year. The sharpest change came in the year to October 2021, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Lawrence Community Boating Program Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Wellness House ($452k), The Foundation for Judaeo-Christian Studies ($452k) and Precious One Learning Center Inc ($452k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $78k (14% of expenses). Other salaries and wages came to $167k. At year end it held assets of $282k against liabilities of $39k, net assets of $243k. It reported 34 employees.