Sturgeon Bay Yacht Club Sail Training Foundation Inc

Analysis

Sturgeon Bay Yacht Club Sail Training Foundation Inc is a registered charity in United States, based in Sturgeon Bay, WI. It received its IRS tax-exemption ruling in October 1973, 53 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 December 2023, Sturgeon Bay Yacht Club Sail Training Foundation Inc reported income of $146k and spending of $60k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $146k (+111%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 490%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sturgeon Bay Yacht Club Sail Training Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within WI. Charities of a similar size with the same main cause include Castro Valley Educational Foundation ($146k), Parvee Foundation ($146k) and Fort Stockton Community Theatre Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 17% of the total. At year end it held assets of $384k against liabilities of $21k, net assets of $363k.