Lincoln Park Boat Club Charitable Outreach

Analysis

Lincoln Park Boat Club Charitable Outreach is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2011, 15 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, Lincoln Park Boat Club Charitable Outreach reported income of $391k and spending of $434k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $287k to $391k (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lincoln Park Boat Club Charitable Outreach sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Wheatfield Blades Hockey Association Inc ($391k), Magic Soccer Club Inc ($391k) and Mt Sterling Community Center NFP ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $68k (16% of expenses). At year end it held assets of $222k against liabilities of $81k, net assets of $140k.