Sandy Bay Yacht Club Sailing Program and Scholarship Fund Inc

Analysis

Sandy Bay Yacht Club Sailing Program and Scholarship Fund Inc is a registered charity in United States, based in Rockport, MA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sandy Bay Yacht Club Sailing Program and Scholarship Fund Inc reported income of $128k and spending of $145k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $128k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sandy Bay Yacht Club Sailing Program and Scholarship Fund Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Volunteers of America ($128k), Hitchcock Family Welfare Service ($128k) and North End Area Seniors ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 88% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.