Hoboken Cove Community Boathouse Inc

Analysis

Hoboken Cove Community Boathouse Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in August 2007, 19 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, Hoboken Cove Community Boathouse Inc reported income of $64k and spending of $31k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $64k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 43% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hoboken Cove Community Boathouse Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Southern Off-Road Bicycle Association ($64k), Big 7 Conference ($64k) and Elmbrook Braves Youth Baseball Club Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $161k against liabilities of $0, net assets of $161k.