Richmond Yacht Club Foundation

Analysis

Richmond Yacht Club Foundation is a registered charity in United States, based in Pt Richmond, CA. It received its IRS tax-exemption ruling in July 1990, 36 years ago. 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, Richmond Yacht Club Foundation reported income of $266k and spending of $215k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $266k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Yacht Club Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Lewis and Clark County Historical Society Inc ($266k), Baltimore Rowing Club Inc ($266k) and Lawrence County Historial & Genealogical Society Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 2.0% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.