Tacoma Community Boat Builders Inc

Analysis

Tacoma Community Boat Builders Inc is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Tacoma Community Boat Builders Inc reported income of $1.6m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $294k to $1.6m (+429%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 157%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tacoma Community Boat Builders Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Arches Alaska ($1.6m), Arts Council of Anne Arundel County Inc ($1.6m) and Manistee County Community ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $73k (4.5% of expenses). Other salaries and wages came to $818k. It paid $25k in professional fundraising fees. At year end it held assets of $375k against liabilities of $130k, net assets of $245k. It reported 33 employees.