Sebago Canoe Club Inc

Analysis

Sebago Canoe Club Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sebago Canoe Club Inc reported income of $119k and spending of $63k, leaving 47% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $89k to $119k (+33%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sebago Canoe Club Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Southern Wisconsin Figure Skating Club ($119k), Just One Neighborhood Program Inc ($119k) and Ada Athletic Boosters Inc ($119k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $290k against liabilities of $383, net assets of $289k.