Annapolis Yacht Club Foundation Inc

Analysis

Annapolis Yacht Club Foundation Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in October 2000, 26 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, Annapolis Yacht Club Foundation Inc reported income of $129k and spending of $177k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $129k (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Annapolis Yacht Club Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Columbus Downtown Quarterback Club ($129k), American Tennis Association ($129k) and Northwest Sound Soccer Association ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $113k against liabilities of $12k, net assets of $101k.