Bay Head Yacht Club Welfare Fund

Analysis

Bay Head Yacht Club Welfare Fund is a registered charity in United States, based in Bay Head, NJ. It received its IRS tax-exemption ruling in May 1951, 75 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 June 2023, Bay Head Yacht Club Welfare Fund reported income of $277k and spending of $227k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $295k to $277k (-6.1%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Head Yacht Club Welfare Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include The Alamo Heights Mulepushers ($277k), Little League Baseball Inc ($277k) and Florida Community Development ($277k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $3.6m against liabilities of $4,500, net assets of $3.6m.