Inland Lake Yachting Association Inc

Analysis

Inland Lake Yachting Association Inc is a registered charity in United States, based in East Troy, WI. It received its IRS tax-exemption ruling in March 1984, 42 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, Inland Lake Yachting Association Inc reported income of $728k and spending of $818k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $728k (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inland Lake Yachting Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Intempo Organization Inc ($728k), Ashland Parenting Plus ($728k) and Parkland Memorial Hospital Auxiliary ($728k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $52k. At year end it held assets of $233k against liabilities of $39k, net assets of $194k. It reported 1 employees.