Southport Junior Yacht Club Sailing Foundation

Analysis

Southport Junior Yacht Club Sailing Foundation is a registered charity in United States, based in Southport, ME. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Southport Junior Yacht Club Sailing Foundation reported income of $196k and spending of $204k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $184k to $196k (+6.6%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 366%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southport Junior Yacht Club Sailing Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include Southlake Carroll Target Program ($196k), Ridgewood Lacrosse Association a New Jersey Nonprofit Corporation ($196k) and Marquette Figure Skating Club ($196k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 46% and program service revenue 42% of the total. Other salaries and wages came to $79k. At year end it held assets of $361k against liabilities of $0, net assets of $361k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.