Eastern Surfing Association Inc

Analysis

Eastern Surfing Association Inc is a registered charity in United States, based in Ocean City, MD. 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 December 2023, Eastern Surfing Association Inc reported income of $450k and spending of $362k, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $415k to $450k (+8.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Surfing Association 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 68th percentile within MD. Charities of a similar size with the same main cause include Bais Din Tzedek Umishpot Inc ($450k), Georgia Veterinary Medical Association Foundation Inc ($450k) and Greenwood-Molina Nursery School ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $57k (16% of expenses). At year end it held assets of $663k against liabilities of $0, net assets of $663k. It reported 2 employees.