Onset Bay Association Inc

Analysis

Onset Bay Association Inc is a registered charity in United States, based in Onset, MA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Onset Bay Association Inc reported income of $158k and spending of $144k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $158k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Onset Bay Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include District 6 Planning Council ($158k), Desert Recreation Foundation ($158k) and Turkish Womens League of America Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $66k against liabilities of $9,457, net assets of $56k.