Redwood City Youth Maritime

Analysis

Redwood City Youth Maritime is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redwood City Youth Maritime reported income of $128k and spending of $50k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $128k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redwood City Youth Maritime sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include United States Biathlon Foundation ($128k), Chinese-American Sport and Community Service Association ($128k) and Council Bluffs Swim Club Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.