Recreation & Sports
(N67Z)
IRS Verified
DX Registered
990 on File
CHICAGO YACHT CLUB FOUNDATION INC
Financial strength (30%)
89/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Chicago Yacht Club Foundation brings awareness and appreciation of the nautical arts and traditions to the Chicagoland community and broadens horizons for our youth and physically disabled through nautical training and boating activities.The CYC Foundation supports venues that introduce people at many levels to nautical educational and on-the-water activities. Whether these venues are scholarships, access to sailing competitions, restoration projects or any other financial support, the CYC Foundation is dedicated to memorializing the rich history of Lake Michigan and developing maritime traditions.
Financial Overview — FY 2023
$1.6M
Total Revenue
$314K
Total Expenses
$3.2M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
87.4%
Fundraising Efficiency
N/A
Operating Reserve
120.91x
Liability-to-Asset
0.7%
Revenue Diversification
97.2%
Compared with Peers
FY 2023
Compared with 11,967 similar organizations
(United States, Recreation & Sports, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.4% | 94.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.0% | 4.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
120.9 mo | 6.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.7% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.2% | 89.9% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
198.0% | 10.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
85.1% | 14.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
79.9% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.6M | $314K | $3.2M | 87.4% | 0 |
| 2022 | $524K | $170K | $1.8M | 80.6% | 0 |
| 2021 | $219K | $84K | N/A | — | 0 |
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