Narragansett Bay Yachting Association Inc

Analysis

Narragansett Bay Yachting Association Inc is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in September 2019, 7 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, Narragansett Bay Yachting Association Inc reported income of $77k and spending of $60k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $77k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Narragansett Bay Yachting Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within RI. Charities of a similar size with the same main cause include Santa Maria Girls Softball Inc ($77k), Newbury Park Girls Softball ($77k) and Linn-Mar Basketball Academy ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 79% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.