Inter Lake Yachtsmens Fund

Analysis

Inter Lake Yachtsmens Fund is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Inter Lake Yachtsmens Fund reported income of $55k and spending of $29k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $55k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 811%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inter Lake Yachtsmens Fund 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 21st percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Pasadena Police Foundation ($55k), Virginia Congress of Parents and Teachers ($55k) and Cruzada Estudiantil Y Professional Para Cristo Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $783k against liabilities of $0, net assets of $783k.