Dare County Boat Builders Foundation

Analysis

Dare County Boat Builders Foundation is a registered charity in United States, based in Manteo, NC. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Dare County Boat Builders Foundation reported income of $303k and spending of $144k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $303k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dare County Boat Builders Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Veterans Watchmaker Initiative Inc ($303k), Delaware Wrestling Alliance Inc ($303k) and Parent Booster USA Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.