Artist Boat Inc

Analysis

Artist Boat Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in January 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 August 2023, Artist Boat Inc reported income of $3.5m and spending of $1.3m, leaving 64% of income unspent that year. Across the 4 years on record, from August 2018 to August 2023, income grew from $2.0m to $3.5m (+78%), an average of +21% a year. The sharpest change came in the year to August 2022, when income rose by 190%. Over the whole period it spent 46% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Artist Boat Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Outward Bound Inc ($3.5m), Golden Triangle Resource Conservati & Development Area Inc ($3.6m) and Sonoma Ecology Center ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 4.9% of the total. Other salaries and wages came to $555k. At year end it held assets of $18.4m against liabilities of $747k, net assets of $17.7m. It reported 12 employees.