Saugatuck Y C Sailing Program

Analysis

Saugatuck Y C Sailing Program is a registered charity in United States, based in Saugatuck, MI. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Saugatuck Y C Sailing Program reported income of $181k and spending of $209k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $181k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saugatuck Y C Sailing Program sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include PTA Arizona Congress of Parents and Teachers Inc ($181k), Amateur Athletic Union of the United States Inc ($181k) and Apex Band Boosters ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 60% of the total. Other salaries and wages came to $76k. At year end it held assets of $1.3m against liabilities of $65k, net assets of $1.3m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.