The Silver Gate Yacht Club Foundation

Analysis

The Silver Gate Yacht Club Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Silver Gate Yacht Club Foundation reported income of $78k and spending of $101k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $78k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Silver Gate Yacht Club Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Friends of Roberts Field Inc ($78k), Kentwood Baseball League ($78k) and PSCF Foundation Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $13k against liabilities of $6,638, net assets of $6,003.