Virginia Boat Club

Analysis

Virginia Boat Club is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1996, 30 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, Virginia Boat Club reported income of $102k and spending of $98k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $102k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Boat Club sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Croton Soccer Ltd ($102k), Triangle Foundation Inc ($102k) and Kidder County Swimming Pool ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 53% of the total. At year end it held assets of $220k against liabilities of $138, net assets of $219k.