Chicago Corinthian Yacht Club Junior Fleet Inc

Analysis

Chicago Corinthian Yacht Club Junior Fleet Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Chicago Corinthian Yacht Club Junior Fleet Inc reported income of $194k and spending of $167k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $194k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Corinthian Yacht Club Junior Fleet Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Little League Baseball Inc ($194k), Lets Get Moovin ($194k) and Goodrich Memorial Library Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.