Wyandotte Boat Club

Analysis

Wyandotte Boat Club is a registered charity in United States, based in Wyandotte, MI. It received its IRS tax-exemption ruling in November 1943, 83 years ago. 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, Wyandotte Boat Club reported income of $230k and spending of $297k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $230k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 1405%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wyandotte Boat Club sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Fsic American Innovation and Opportunity Fund ($230k), Upland Girls Softball League ($230k) and Create Appalachia ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 30% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.8m against liabilities of $1,777, net assets of $1.8m. It reported 10 employees.