Yachtaid Global

Analysis

Yachtaid Global is a registered charity in United States, based in Cardiff, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Yachtaid Global reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.1m (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Yachtaid Global sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Oberlin Shansi Memorial Association ($1.1m), Adi Israel Foundation Inc ($1.1m) and US for Belize Foundation Research & Environmental Education ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (7.2% of expenses). At year end it held assets of $1.4m against liabilities of $8,600, net assets of $1.4m.