Rockport New Years Eve Inc

Analysis

Rockport New Years Eve Inc is a registered charity in United States, based in Rockport, MA. It received its IRS tax-exemption ruling in October 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 February 2024, Rockport New Years Eve Inc reported income of $61k and spending of $56k, spending 91% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $45k to $61k (+36%), an average of +36% a year. The sharpest change came in the year to February 2024, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rockport New Years Eve Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Mirage Blue Line Club Inc ($61k), Covina High Track Boosters Inc ($61k) and Mercury Swimming Inc ($61k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.