Yogacare

Analysis

Yogacare is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2016, 10 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 June 2023, Yogacare reported income of $87k and spending of $122k, spending 140% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $208k to $87k (-58%), an average of -35% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Yogacare 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 34th percentile within IL. Charities of a similar size with the same main cause include Fairmont Soccer Association Inc ($87k), Mentor Youth Hockey Booster Club ($87k) and Shawnee Soccer Association ($87k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 27% of the total. At year end it held assets of $97k against liabilities of $5,269, net assets of $92k.