Buffalo Yacht Club Foundation Inc

Analysis

Buffalo Yacht Club Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Buffalo Yacht Club Foundation Inc reported income of $244k and spending of $257k, spending 105% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $40k to $244k (+508%), an average of +508% a year. The sharpest change came in the year to September 2023, when income rose by 508%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Buffalo Yacht Club Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Aulea Swim Club ($244k), Canton Minor Hockey Inc ($244k) and Potomac Valley Dressage Assoc ($244k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Other salaries and wages came to $117k. At year end it held assets of $353k against liabilities of $17k, net assets of $336k.