Port Jefferson Yacht Club Foundation Inc

Analysis

Port Jefferson Yacht Club Foundation Inc is a registered charity in United States, based in PRT Jefferson, NY. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Port Jefferson Yacht Club Foundation Inc reported income of $105k and spending of $106k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $105k (-7.2%), an average of -7.2% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Port Jefferson Yacht Club Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Landings Credit Union Foundation ($105k), Fiorello H Laguardia Foundation Inc ($105k) and Care - Childrens Advocates Resource Endowment ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $883 against liabilities of $0, net assets of $883.