Chesapeake Region Accessible Boating Inc

Analysis

Chesapeake Region Accessible Boating Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 2003, 23 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, Chesapeake Region Accessible Boating Inc reported income of $1.3m and spending of $726k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $1.3m (+210%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 244%. Over the whole period it spent 40% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chesapeake Region Accessible Boating Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Maine Golf House Inc ($1.3m), Lenape Valley Soccer Club ($1.3m) and United States Bowling Congress Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $131k (18% of expenses). Other salaries and wages came to $222k. At year end it held assets of $4.5m against liabilities of $234k, net assets of $4.3m. It reported 9 employees.