Interscholastic Yacht Racing Associ Ation Inc

Analysis

Interscholastic Yacht Racing Associ Ation Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. 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 June 2024, Interscholastic Yacht Racing Associ Ation Inc reported income of $159k and spending of $143k, spending 90% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $143k to $159k (+11%), an average of +5.4% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interscholastic Yacht Racing Associ Ation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Nautical Research Guild Inc ($159k), Bartlesville Civic Ballet Inc ($159k) and Myrtle House Ministries ($159k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 81% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.