Bayview Yacht Club Foundation

Analysis

Bayview Yacht Club Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bayview Yacht Club Foundation reported income of $86k and spending of $348k, spending 403% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $1.0m to $86k (-92%), an average of -56% a year. The sharpest change came in the year to September 2022, when income dropped by 90%. Over the whole period it spent 57% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bayview Yacht Club Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Blackhawks Fast Pitch ($86k), Chicago Flyers Ltd ($86k) and Athletes Creating Excellence Inc ($86k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.