Interscholastic Yacht Racing Association Inc

Analysis

Interscholastic Yacht Racing Association Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 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 June 2023, Interscholastic Yacht Racing Association Inc reported income of $80k and spending of $68k, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $70k to $80k (+15%), an average of +7.4% a year. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Interscholastic Yacht Racing Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Annapolis Naval Sailing Assocation Inc ($80k), West Bay Lacrosse League ($80k) and Waverly Heat Softball Inc ($80k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 6.3% of the total. At year end it held assets of $253k against liabilities of $0, net assets of $253k.