Comet Skippers Inc

Analysis

Comet Skippers Inc is a registered charity in United States, based in Mason, OH. It received its IRS tax-exemption ruling in September 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Comet Skippers Inc reported income of $124k and spending of $98k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $124k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Comet Skippers Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include McKinleyville Recreation Midget League Inc ($124k), Equidon Inc ($124k) and Stumptown VBC ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 57% of the total. At year end it held assets of $71k against liabilities of $18k, net assets of $52k.