Montgomery Boat Club Inc

Analysis

Montgomery Boat Club Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in October 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 June 2023, Montgomery Boat Club Inc reported income of $451k and spending of $410k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $256k to $451k (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Montgomery Boat Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Soccer Alaska Inc ($451k), Southwestern New Mexico State Fair Inc ($451k) and Boston Taekwondo Project Inc ($451k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $275k against liabilities of $127k, net assets of $148k.