Philanthropy & Grantmaking
(T30)
IRS Verified
DX Registered
990 on File
TACOMA COMMUNITY BOAT BUILDERS INC
Financial strength (30%)
62/100
Reliability (20%)
50/100
Effectiveness (25%)
94/100
Impact (25%)
55/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to create transformational opportunities for marginalized and underserved youth through positive mentorship, woodworking, wooden boat building and on the water experiences. TBB pairs youth with caring adults to create objects with functional beauty. By matching justice-involved and other young people facing adversity with caring, positive adults, they engage in a learning-by-doing process that builds mutual reliance, self-esteem, and efficacy. Through this, youth can experience setting and achieving their goals.
Financial Overview — FY 2023
$1.6M
Total Revenue
$1.6M
Total Expenses
$245K
Net Assets
33
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
87.6%
Fundraising Efficiency
1432.5%
Operating Reserve
1.82x
Liability-to-Asset
34.8%
Revenue Diversification
93.9%
Executive Compensation
$73K
Compared with Peers
FY 2023
Compared with 7,741 similar organizations
(United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.6% | 91.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.4% | 8.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.0% | 1.9% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1432.5% | 145.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.8 mo | 80.2 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
34.8% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.9% | 90.3% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
156.7% | 3.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
186.4% | 6.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.6% | -4.9% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| youth program expenses for one year to include enrichment supplies for projects, outings, etc | 132 | $1,000.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $245K | 87.6% | 33 |
| 2022 | $605K | $562K | $300K | 73.7% | 7 |
| 2021 | $502K | $527K | N/A | — | 7 |
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