Southbay Youth Maritime Foundation

Analysis

Southbay Youth Maritime Foundation is a registered charity in United States, based in Castro Valley, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2024, Southbay Youth Maritime Foundation reported income of $223k and spending of $180k, spending 81% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $78k to $223k (+186%), an average of +23% a year. The sharpest change came in the year to August 2020, when income rose by 156%. Over the whole period it spent 63% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Southbay Youth Maritime Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Strongsville Soccer Club Inc ($223k), Youth for Christ USA Inc ($223k) and Harlan County Agricultural Society ($223k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.9% and program service revenue 30% of the total. At year end it held assets of $522k against liabilities of $0, net assets of $522k.