Erie Yacht Club Foundation Inc

Analysis

Erie Yacht Club Foundation Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in June 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Erie Yacht Club Foundation Inc reported income of $88k and spending of $77k, spending 88% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $103k to $88k (-15%), an average of -3.9% a year. The sharpest change came in the year to October 2022, when income dropped by 28%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Erie Yacht Club Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Friends of Camp Kirkwood Inc ($87k), Apponaug Babe Ruth Baseball League ($88k) and Showdown Rodeo Inc ($87k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.