National Association of State Boating Law Administrators Inc

Analysis

National Association of State Boating Law Administrators Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, National Association of State Boating Law Administrators Inc reported income of $4.8m and spending of $5.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, National Association of State Boating Law Administrators Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Foundation for Louisiana ($4.8m), Longwood Fire Co ($4.9m) and Lewes Fire Department Incorporated ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $181k (3.6% of expenses). Other salaries and wages came to $962k. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m. It reported 16 employees.