Detroit Yacht Club Foundation

Analysis

Detroit Yacht Club Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Detroit Yacht Club Foundation reported income of $293k and spending of $83k, leaving 72% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $263k to $293k (+11%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Detroit Yacht Club Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include The Sandra Bornstein Holocaust Education Center ($293k), Walnut Creek Historical Society ($293k) and Poor Magazine Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 127% of the total. At year end it held assets of $451k against liabilities of $0, net assets of $451k.