Eastport Yacht Club Foundation Inc

Analysis

Eastport Yacht Club Foundation Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 2000, 26 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 December 2023, Eastport Yacht Club Foundation Inc reported income of $103k and spending of $97k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $39k to $103k (+162%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eastport Yacht Club Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Sailor Soccer Club ($103k), Grand Rapids Area Basketball Association Inc ($103k) and Swanzey Cal Ripken League ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 3.9% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.