Cascadilla Boat Club Ltd

Analysis

Cascadilla Boat Club Ltd is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in December 1979, 47 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 December 2023, Cascadilla Boat Club Ltd reported income of $454k and spending of $260k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $454k (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 231%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cascadilla Boat Club Ltd sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($454k), New York State Usbc Inc ($454k) and Nebraska State Fair 1868 Foundation ($454k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $103k. At year end it held assets of $310k against liabilities of $6,735, net assets of $303k. It reported 14 employees.