Chatham Yacht Club

Analysis

Chatham Yacht Club is a registered charity in United States, based in North Chatham, MA. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, Chatham Yacht Club reported income of $296k and spending of $264k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $296k (+72%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chatham Yacht Club sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Peninsula Youth Softball Association ($296k), Community Sports Foundation Inc ($296k) and Pickleball University Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $56k. At year end it held assets of $779k against liabilities of $12k, net assets of $767k. It reported 26 employees.