Naples Yacht Club Blue Gavel Scholarship Fund Inc

Analysis

Naples Yacht Club Blue Gavel Scholarship Fund Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Naples Yacht Club Blue Gavel Scholarship Fund Inc reported income of $135k and spending of $209k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $194k to $135k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naples Yacht Club Blue Gavel Scholarship Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Hope View Elementary School Parent-Teacher Organization ($135k), Newtown Parent Connection Inc ($135k) and Divine Individual Valuing Education Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $474k against liabilities of $0, net assets of $474k.