Venice Yacht Club Charitable Foundation

Analysis

Venice Yacht Club Charitable Foundation is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Venice Yacht Club Charitable Foundation reported income of $184k and spending of $141k, leaving 23% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $171k to $184k (+7.1%), an average of +7.1% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Venice Yacht Club Charitable Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Worthy Purpose Inc ($184k), Washoe Bridge Society ($184k) and Cars IV Inc ($184k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.