Canal Dock Boathouse Inc

Analysis

Canal Dock Boathouse Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in October 2014, 12 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, Canal Dock Boathouse Inc reported income of $516k and spending of $497k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $516k (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Canal Dock Boathouse Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Otoe County Agricultural Society ($515k), Ozaukee Aquatics Inc ($516k) and Valley AFC Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 1.0% of the total. Other salaries and wages came to $304k. At year end it held assets of $219k against liabilities of $2,162, net assets of $216k. It reported 12 employees.