Youth Nautical Education Foundation

Analysis

Youth Nautical Education Foundation is a registered charity in United States, based in Grosse Pt WDS, MI. It received its IRS tax-exemption ruling in November 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, Youth Nautical Education Foundation reported income of $96k and spending of $246k, spending 257% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $163k to $96k (-41%), an average of -12% a year. The sharpest change came in the year to October 2022, when income dropped by 62%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Youth Nautical Education Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Little League Baseball Inc ($96k), Little League Baseball Inc ($96k) and Davis Aquastarz Synchronized Swimming Team ($96k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $668k against liabilities of $0, net assets of $668k.