Yard Inc

Analysis

Yard Inc is a registered charity in United States, based in Chilmark, MA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Yard Inc reported income of $757k and spending of $1.5m, spending 197% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $2.0m to $757k (-61%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yard Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Your Story Hour ($757k), Lemur Conservation Foundation Inc ($757k) and Northern Marianas Humanities Council ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $177k (12% of expenses). Other salaries and wages came to $188k. It paid $57k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $39k, net assets of $2.9m. It reported 14 employees.