Nantucket Yacht Club Foundation Inc

Analysis

Nantucket Yacht Club Foundation Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Nantucket Yacht Club Foundation Inc reported income of $134k and spending of $63k, leaving 53% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $79k to $134k (+71%), an average of +71% a year. The sharpest change came in the year to September 2023, when income rose by 71%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nantucket Yacht Club Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Precious Cargo Transportation for Children ($134k), Fighting Hard Foundation Inc ($134k) and Chesed Help & Hope Inc ($134k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.