Boathouse Ministry

Analysis

Boathouse Ministry is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Boathouse Ministry reported income of $261k and spending of $137k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $261k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Boathouse Ministry sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Saint Francis Catholic Outreach & Charitable Giving Inc ($261k), St Sophia Greek Orthodox Church ($261k) and Kamentsa Inga Church - the Soul of the Hummingbird ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $58k. At year end it held assets of $239k against liabilities of $2,923, net assets of $236k. It reported 2 employees.