Transpacific Yacht Club

Analysis

Transpacific Yacht Club is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in June 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, Transpacific Yacht Club reported income of $352k and spending of $345k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $494k to $352k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income rose by 318%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Transpacific Yacht Club sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Valle Crucis Park Inc ($352k), Mundelein Mustangs Swim Club ($352k) and USA Hockey Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 63% of the total. At year end it held assets of $599k against liabilities of $0, net assets of $599k.