Williamsburg Boat Club

Analysis

Williamsburg Boat Club is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in June 2015, 11 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, Williamsburg Boat Club reported income of $275k and spending of $261k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $277k to $275k (-0.5%), an average of -0.5% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Williamsburg Boat Club sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Pittsburgh Aviators Hockey Association ($275k), Fairport Soccer Inc ($275k) and Zionsville Lions Park Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $88k (34% of expenses). At year end it held assets of $201k against liabilities of $47k, net assets of $154k. It reported 3 employees.