Boathouse Foundation Inc

Analysis

Boathouse Foundation Inc is a registered charity in United States, based in Edgartown, MA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Boathouse Foundation Inc reported income of $58k and spending of $82k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $58k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boathouse Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Friends of the Amery Area Public Library Foundation Inc ($58k), Frontier Ptso ($58k) and Chula Vista High School Foundation ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.