Beacon Sloop Club Inc

Analysis

Beacon Sloop Club Inc is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in October 1991, 35 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, Beacon Sloop Club Inc reported income of $57k and spending of $33k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $57k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Beacon Sloop Club Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include L40 Foundation ($57k), Chico Central Little League ($57k) and Lady Diamond Pros Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 9.6% of the total. At year end it held assets of $431k against liabilities of $0, net assets of $431k.