Gig Harbor Yacht Club Junior Sail

Analysis

Gig Harbor Yacht Club Junior Sail is a registered charity in United States, based in Gig Harbor, WA. 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 (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, Gig Harbor Yacht Club Junior Sail reported income of $471k and spending of $418k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $337k to $471k (+40%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gig Harbor Yacht Club Junior Sail sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Cottonwood Football Club ($471k), South Shore Seahawks Inc ($471k) and Alliance Cincinnati Soccer Club ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $57k (14% of expenses). Other salaries and wages came to $166k. At year end it held assets of $273k against liabilities of $11k, net assets of $263k. It reported 27 employees.