Cuttyhunk Yacht Club Inc

Analysis

Cuttyhunk Yacht Club Inc is a registered charity in United States, based in Cuttyhunk, MA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. 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, Cuttyhunk Yacht Club Inc reported income of $268k and spending of $97k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $268k (+264%), an average of +264% a year. The sharpest change came in the year to December 2023, when income rose by 264%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cuttyhunk Yacht Club Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Andover Committee for a Better Chance Inc ($268k), American Foundation for the National Museums Scotland ($268k) and Pentecostal Church Emmanuel Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 10.0% of the total. Other salaries and wages came to $30k. At year end it held assets of $439k against liabilities of $0, net assets of $439k. It reported 8 employees.