Southold Yacht Club Inc

Analysis

Southold Yacht Club Inc is a registered charity in United States, based in Southold, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Southold Yacht Club Inc reported income of $223k and spending of $252k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $198k to $223k (+13%), an average of +4.1% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southold Yacht Club Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include General Needs Ltd ($223k), Blake Memorial Library Association ($223k) and Project Place Gatehouse Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $75k. At year end it held assets of $278k against liabilities of $0, net assets of $278k. It reported 23 employees.