South Shore Nautical Education Foundation Inc

Analysis

South Shore Nautical Education Foundation Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in April 2018, 8 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 December 2023, South Shore Nautical Education Foundation Inc reported income of $106k and spending of $77k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $106k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 75% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, South Shore Nautical Education Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include Juneau Ski Club ($106k), Indian Youth Camp Inc ($106k) and Tanana Valley Youth Sports Foundation Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $138k against liabilities of $518, net assets of $138k.