Vessel Skatepark Inc

Analysis

Vessel Skatepark Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 2022, 4 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, Vessel Skatepark Inc reported income of $158k and spending of $189k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $158k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 121% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vessel Skatepark Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Clark Travel Basketball Inc ($158k), Lonsdale Sno-Wizards Inc ($158k) and West Point Wrestling Club ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.6% of the total. At year end it held assets of $37k against liabilities of $11k, net assets of $26k.