Mbyc Youth Sailing

Analysis

Mbyc Youth Sailing is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Mbyc Youth Sailing reported income of $204k and spending of $194k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $207k to $204k (-1.7%), an average of -0.9% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mbyc Youth Sailing sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Walton County Fair Inc ($204k), Power for Life Aquatics ($204k) and Southbury Soccer Club ($204k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $106k. At year end it held assets of $210k against liabilities of $2,285, net assets of $208k. It reported 21 employees.