Marathon Yacht Club Educational Foundation Inc

Analysis

Marathon Yacht Club Educational Foundation Inc is a registered charity in United States, based in Marathon, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Marathon Yacht Club Educational Foundation Inc reported income of $69k and spending of $55k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $69k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marathon Yacht Club Educational Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Au Sable Forks Free Library ($69k), San Bernardino City Library Foundation Inc ($69k) and Roosevelt School PTO ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $41k against liabilities of $230, net assets of $40k.