Clear Lake Yacht Club Sailing School Inc

Analysis

Clear Lake Yacht Club Sailing School Inc is a registered charity in United States, based in Clear Lake, IA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clear Lake Yacht Club Sailing School Inc reported income of $126k and spending of $46k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $48k to $126k (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clear Lake Yacht Club Sailing School Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($126k), Web Network of Benefits Professionals ($126k) and Black Hills Ski for Light ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $21k. At year end it held assets of $113k against liabilities of $0, net assets of $113k. It reported 12 employees.