Community Boating Center Inc

Analysis

Community Boating Center Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Community Boating Center Inc reported income of $1.1m and spending of $1.4m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $877k to $1.1m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Community Boating Center Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Inspire Sports Camps Inc ($1.1m), Camp Jewel ($1.1m) and Jeans Angels ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $115k (8.2% of expenses). Other salaries and wages came to $766k. At year end it held assets of $3.3m against liabilities of $82k, net assets of $3.2m. It reported 54 employees.