St Augustine Yacht Club Foundation Inc

Analysis

St Augustine Yacht Club Foundation Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, St Augustine Yacht Club Foundation Inc reported income of $170k and spending of $42k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $170k (+270%), an average of +270% a year. The sharpest change came in the year to December 2023, when income rose by 270%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Augustine Yacht Club Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Levasis Ministries ($170k), Japanese Language School of Cleveland ($170k) and Pennsylvania State Resource Family Association ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $499k against liabilities of $199k, net assets of $300k.