Dad Vail Regatta Organizing Committee

Analysis

Dad Vail Regatta Organizing Committee is a registered charity in United States, based in Plymouth MTNG, PA. It received its IRS tax-exemption ruling in May 1991, 35 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 June 2023, Dad Vail Regatta Organizing Committee reported income of $358k and spending of $411k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $124k to $358k (+190%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 161%. Over the whole period it spent 123% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Dad Vail Regatta Organizing Committee sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Falls Soccer Club ($358k), Ramapo Youth Soccer Association Inc ($358k) and George Steinbrenner High School Athletic Booster Club Inc ($358k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 102% of the total. At year end it held assets of $122k against liabilities of $100k, net assets of $22k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.