Chicago Yacht Club Foundation Inc

Analysis

Chicago Yacht Club Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1995, 31 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, Chicago Yacht Club Foundation Inc reported income of $1.6m and spending of $314k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $1.6m (+653%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 28% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Yacht Club Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Pathfinder Ranch Inc ($1.6m), New York City Junior Volleyball Association ($1.6m) and FC Richmond ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $3.2m against liabilities of $22k, net assets of $3.2m.