Pleasant Bay Community Boating Inc

Analysis

Pleasant Bay Community Boating Inc is a registered charity in United States, based in Harwich, MA. 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 December 2023, Pleasant Bay Community Boating Inc reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $977k to $1.1m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pleasant Bay Community Boating Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Pacific West Conference ($1.1m), Jack Link Community Center Inc ($1.1m) and Couples for Christ Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 35% of the total. Other salaries and wages came to $489k. It paid $60k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $1.3m, net assets of $3.3m. It reported 11 employees.