Okoboji Yacht Club Sailing School Inc 082897

Analysis

Okoboji Yacht Club Sailing School Inc 082897 is a registered charity in United States, based in Milford, IA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Okoboji Yacht Club Sailing School Inc 082897 reported income of $530k and spending of $502k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $530k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 326%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Okoboji Yacht Club Sailing School Inc 082897 sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Shiloh United School ($530k), Hand and Dove Legacy Foundation ($530k) and Good Shepherd Academy ($529k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $113k (23% of expenses). Other salaries and wages came to $39k. At year end it held assets of $5.8m against liabilities of $302k, net assets of $5.5m. It reported 16 employees.