Community Boating Center Inc

Analysis

Community Boating Center Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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, Community Boating Center Inc reported income of $475k and spending of $404k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $475k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Boating Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include Maxwell Memorial Library ($475k), Ebenezer Christian Church ($475k) and West Point Inn Association ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $129k (32% of expenses). Other salaries and wages came to $65k. It paid $5,000 in professional fundraising fees. At year end it held assets of $679k against liabilities of $13k, net assets of $666k. It reported 20 employees.