International Star Class Yacht Racing Association Inc

Analysis

International Star Class Yacht Racing Association Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 1944, 82 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, International Star Class Yacht Racing Association Inc reported income of $270k and spending of $178k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $270k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International Star Class Yacht Racing Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Aaron Donald 99 Solutions Foundation ($270k), Elk Grove United Soccer Club ($270k) and Saline County Fair Association Incorporated ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 39% of the total. At year end it held assets of $636k against liabilities of $2,314, net assets of $634k.