New Bedford Yacht Club Foundation Inc

Analysis

New Bedford Yacht Club Foundation Inc is a registered charity in United States, based in Dartmouth, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, New Bedford Yacht Club Foundation Inc reported income of $238k and spending of $242k, spending 102% of its income. Across the 4 years on record, from September 2019 to December 2023, income grew from $231k to $238k (+3.0%), an average of +1.0% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Bedford Yacht Club Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Meals on Wheels of the College Park Area Inc ($238k), Avon High School Booster Club Inc ($238k) and Biomedical Research Foundation of Southern Arizona ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.