Lauderdale Yacht Club Sailing Foundation Inc

Analysis

Lauderdale Yacht Club Sailing Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in December 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 April 2024, Lauderdale Yacht Club Sailing Foundation Inc reported income of $172k and spending of $212k, spending 123% of what it took in. Across the 6 years on record, from December 2019 to April 2024, income grew from $44k to $172k (+286%), an average of +31% a year. The sharpest change came in the year to April 2021, when income rose by 222%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lauderdale Yacht Club Sailing Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Alcoa Youth Sports Inc ($172k), Global Basketball Club ($172k) and Dickinson Girls Fastpitch Softball Association ($172k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $907k against liabilities of $0, net assets of $907k.