Yates Cultural & Recreational Resources Inc

Analysis

Yates Cultural & Recreational Resources Inc is a registered charity in United States, based in Penn Yan, NY. It received its IRS tax-exemption ruling in February 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 (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, Yates Cultural & Recreational Resources Inc reported income of $461k and spending of $399k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $461k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Yates Cultural & Recreational Resources Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Des Moines Water Works Park Foundation ($460k), Express Sports Inc ($461k) and Newport Harbor Baseball Association ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $54k (14% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.5m against liabilities of $99k, net assets of $1.4m. It reported 20 employees.