Whitemarsh Boat Club

Analysis

Whitemarsh Boat Club is a registered charity in United States, based in Conshohocken, PA. It received its IRS tax-exemption ruling in October 2006, 20 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, Whitemarsh Boat Club reported income of $818k and spending of $601k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $818k (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Whitemarsh Boat Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Peace Project in Haiti Inc ($818k), The Japanese School of Guam ($819k) and County College of Morris Foundation ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 89% of the total. Other salaries and wages came to $262k. At year end it held assets of $900k against liabilities of $6,839, net assets of $893k. It reported 29 employees.