Boston Dragon Boat Festival Inc

Analysis

Boston Dragon Boat Festival Inc is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Boston Dragon Boat Festival Inc reported income of $218k and spending of $164k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $217k to $218k (+0.4%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Dragon Boat Festival Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Port Discover Northeastern North Carolinas Center for Hands on Scie ($218k), Augustana Arts Inc ($218k) and Arcadia Project ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.