Captains and Boat Owners Association Inc

Analysis

Captains and Boat Owners Association Inc is a registered charity in United States, based in Fortescue, NJ. It received its IRS tax-exemption ruling in June 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Captains and Boat Owners Association Inc reported income of $89k and spending of $105k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $89k (+11%), an average of +11% a year. Over the whole period it spent 125% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Captains and Boat Owners Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Utah County Youth Rugby ($89k), Little League Baseball Inc ($89k) and Southwest Florida Figure Skating Club Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $401k against liabilities of $167k, net assets of $234k.