Mentor Harbor Youth Sailing Association Inc

Analysis

Mentor Harbor Youth Sailing Association Inc is a registered charity in United States, based in Mentor on LK, OH. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Mentor Harbor Youth Sailing Association Inc reported income of $51k and spending of $29k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $14k to $51k (+261%), an average of +261% a year. The sharpest change came in the year to December 2023, when income rose by 261%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mentor Harbor Youth Sailing Association Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include George B Kelley Amateur Baseball Federation Inc ($51k), Neville Ministries Incorporated ($51k) and Kaizen Way Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $104k against liabilities of $198, net assets of $104k.