Goat on a Boat Inc

Analysis

Goat on a Boat Inc is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Goat on a Boat Inc reported income of $62k and spending of $53k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $62k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Goat on a Boat Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Departure Arts Inc ($62k), Tango by the River Inc ($62k) and Lemars Community Theatre Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $24k against liabilities of $190, net assets of $24k.