Bioboat Corporation

Analysis

Bioboat Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Bioboat Corporation reported income of $66k and spending of $43k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $5,575 to $66k (+1082%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 723%. Over the whole period it spent 75% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Bioboat Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Partners for Environmental Justice ($66k), Cascabel Conservation Association Inc ($66k) and Stewards of the Sequoia ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.