North East Keelboat Alliance Inc

Analysis

North East Keelboat Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North East Keelboat Alliance Inc reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $1.7m (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North East Keelboat Alliance Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include American Platform Tennis Association Inc ($1.7m), Youth Golf Coalition Inc ($1.7m) and North Florida Fair Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.