Chris Craft Antique Boat Club Inc

Analysis

Chris Craft Antique Boat Club Inc is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in August 2003, 23 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, Chris Craft Antique Boat Club Inc reported income of $128k and spending of $144k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $128k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chris Craft Antique Boat Club Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Redemption Dance Institute Inc ($128k), LA Open Table Tennis ($128k) and Mso Productions ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $68k against liabilities of $10k, net assets of $58k.