Indian Harbor Yacht Club Foundation Inc

Analysis

Indian Harbor Yacht Club Foundation Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Indian Harbor Yacht Club Foundation Inc reported income of $248k and spending of $317k, spending 128% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $50k to $248k (+396%), an average of +396% a year. The sharpest change came in the year to September 2023, when income rose by 396%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indian Harbor Yacht Club 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 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Human Computation Institute ($248k), Colorado Youth Symphony Orchestra Association ($248k) and Pend Oreille Arts Council Inc ($247k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $7,402, net assets of $130k.