Venice Youth Boating Association Inc

Analysis

Venice Youth Boating Association Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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 August 2023, Venice Youth Boating Association Inc reported income of $360k and spending of $260k, leaving 28% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $248k to $360k (+45%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venice Youth Boating Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include National Infantry Association ($360k), McHenry County Community Homes Inc ($360k) and Kiowa County Housing Authority Inc ($360k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Other salaries and wages came to $124k. At year end it held assets of $403k against liabilities of $17k, net assets of $386k. It reported 21 employees.