East Beach Association

Analysis

East Beach Association is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in November 1984, 42 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, East Beach Association reported income of $117k and spending of $114k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $117k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Beach Association sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within RI. Charities of a similar size with the same main cause include Little League Baseball Inc ($117k), Excelsior Hose Co ($117k) and Georgia Extension 4-H Foundation ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $54k. At year end it held assets of $688k against liabilities of $2,514, net assets of $685k. It reported 16 employees.