Better Together for Cape Ann Inc

Analysis

Better Together for Cape Ann Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in August 1994, 32 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, Better Together for Cape Ann Inc reported income of $78k and spending of $75k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25 to $78k (+311456%), an average of +311456% a year. The sharpest change came in the year to December 2023, when income rose by 311456%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Better Together for Cape Ann Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Great Lakes Summer Collegiate Baseball Foundation ($78k), Little League Baseball Inc ($78k) and Srca ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.