National Safe Boating Council Inc

Analysis

National Safe Boating Council Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in January 1975, 51 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 September 2023, National Safe Boating Council Inc reported income of $1.1m and spending of $964k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $801k to $1.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Safe Boating Council Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Greater Akron Amenities Inc ($1.1m), Eastern Star Charity Foundation of Conn Inc ($1.1m) and International Test and Evaluation Association ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $129k (13% of expenses). Other salaries and wages came to $301k. At year end it held assets of $877k against liabilities of $79k, net assets of $798k. It reported 10 employees.