New York Yacht Club Foundation

Analysis

New York Yacht Club Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Yacht Club Foundation reported income of $4.5m and spending of $1.6m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.5m (+319%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New York Yacht Club Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Abilities Unlmited of Hot Springs Arkansas Inc ($4.5m), Metro Community Development Inc ($4.5m) and Energy Cents Commit Energy Now to Survive ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $157k (9.7% of expenses). At year end it held assets of $9.9m against liabilities of $127k, net assets of $9.7m. It reported 1 employees.