Antique and Classic Boat Society Inc

Analysis

Antique and Classic Boat Society Inc is a registered charity in United States, based in Clayton, NY. It received its IRS tax-exemption ruling in January 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Antique and Classic Boat Society Inc reported income of $396k and spending of $516k, spending 130% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $532k to $396k (-26%), an average of -7.1% a year. The sharpest change came in the year to November 2021, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Antique and Classic Boat Society Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Curtis Community Arts Council Inc ($396k), Invisible Theatre ($396k) and Crook County Museum District ($396k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 8.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $105k (20% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.4m against liabilities of $125k, net assets of $1.3m. It reported 3 employees.