Association for the Preservation of the Presidential Yacht Potomac

Analysis

Association for the Preservation of the Presidential Yacht Potomac is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Association for the Preservation of the Presidential Yacht Potomac reported income of $414k and spending of $509k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $414k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 140% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association for the Preservation of the Presidential Yacht Potomac sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Cultural Heritage Imaging ($414k), Coalition for Academic Scientific Computation Inc ($414k) and Handweaving Museum and Arts Center ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 1.7% of the total. Other salaries and wages came to $140k. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $252k. It reported 28 employees.