Robbins Reef Yacht Club

Analysis

Robbins Reef Yacht Club is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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, Robbins Reef Yacht Club reported income of $223k and spending of $199k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $311k to $223k (-28%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Robbins Reef Yacht Club 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 63rd percentile within NJ. Charities of a similar size with the same main cause include Safe Abortions for Everyone ($223k), Salt Lake Civil Network ($223k) and Orchestra Seattle - Seattle Chamber Singer ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.