Association of the Cotuit Mosquito Yacht Club Inc

Analysis

Association of the Cotuit Mosquito Yacht Club Inc is a registered charity in United States, based in Cotuit, MA. It received its IRS tax-exemption ruling in September 1965, 61 years ago. 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, Association of the Cotuit Mosquito Yacht Club Inc reported income of $179k and spending of $165k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $179k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of the Cotuit Mosquito Yacht Club Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Hood County Youth Baseball Inc ($179k), Little League Baseball Inc ($179k) and 2535 Water ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. At year end it held assets of $170k against liabilities of $3,100, net assets of $167k. It reported 26 employees.