International Star Class Yacht Racing Association Legacy Foundati

Analysis

International Star Class Yacht Racing Association Legacy Foundati is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Star Class Yacht Racing Association Legacy Foundati reported income of $68k and spending of $8,375, leaving 88% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $28k to $68k (+145%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 283%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International Star Class Yacht Racing Association Legacy Foundati sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include Rafter7 Sports ($68k), Edgewater Athletic Association Corp ($68k) and Vra Education Foundation Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $373k against liabilities of $90, net assets of $373k.