Pleon Yacht Club Inc

Analysis

Pleon Yacht Club Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in July 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Pleon Yacht Club Inc reported income of $418k and spending of $355k, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $308k to $418k (+36%), an average of +7.9% a year. The sharpest change came in the year to October 2021, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pleon Yacht Club Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include New Braunfels Elite Red ($418k), Half Moon Bay High School Boosters Athletics ($418k) and Skyline Conference Inc ($417k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 1.8% and program service revenue 90% of the total. Other salaries and wages came to $126k. At year end it held assets of $862k against liabilities of $31k, net assets of $831k. It reported 34 employees.