Ephraim Yacht Club

Analysis

Ephraim Yacht Club is a registered charity in United States, based in Ephraim, WI. It received its IRS tax-exemption ruling in October 2004, 22 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 October 2023, Ephraim Yacht Club reported income of $226k and spending of $263k, spending 116% of what it took in. Across the 4 years on record, from October 2019 to October 2023, income grew from $219k to $226k (+3.6%), an average of +1.2% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ephraim Yacht Club sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Sleepy Hollow Sea Lions Inc ($226k), Peace Islands Institute Inc ($227k) and Plainfield Soccer Association NFP ($226k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 3.3% and program service revenue 87% of the total. Other salaries and wages came to $91k. At year end it held assets of $434k against liabilities of $14k, net assets of $420k. It reported 15 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.