Marion-Bermuda Crusing Yacht Race Association Inc

Analysis

Marion-Bermuda Crusing Yacht Race Association Inc is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in February 1981, 45 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, Marion-Bermuda Crusing Yacht Race Association Inc reported income of $91k and spending of $55k, leaving 39% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $6,347 to $91k (+1330%), an average of +1330% a year. The sharpest change came in the year to October 2023, when income rose by 1330%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marion-Bermuda Crusing Yacht Race Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Kentucky Royal Elite ($91k), Friends of New Canaan Lacrosse ($91k) and Homer Stallions Youth Football ($91k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.