White Rock Boathouse Inc

Analysis

White Rock Boathouse Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, White Rock Boathouse Inc reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $789k to $1.3m (+64%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, White Rock Boathouse Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include The Anti Fraud Coalition Inc ($1.3m), Panama City Trilingual School Inc ($1.3m) and Arizona Education Scholarship Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 67% of the total. Other salaries and wages came to $426k. At year end it held assets of $2.4m against liabilities of $103k, net assets of $2.3m. It reported 14 employees.