The Great Harbor Yacht Club Foundation Inc

Analysis

The Great Harbor Yacht Club Foundation Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, The Great Harbor Yacht Club Foundation Inc reported income of $735k and spending of $208k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $735k (-56%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 15% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Great Harbor 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 76th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Tree Utah ($735k), Lake Leelanau Lake Association ($735k) and Californians Against Waste Foundation ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $3.2m against liabilities of $661, net assets of $3.1m.