Charleston Yacht Club Inc

The Charleston Yacht Club is a social and recreational club located in the Charleston Municipal Marina, South Carolina. It was founded to promote sailing and provide a social venue for its members.

Description

• Purpose: The club serves as a center for leisure and sailing activities. It is organized and managed by its membership, focusing on promoting sailboat racing, cruising, and fostering a social community among sailing enthusiasts[3].
• Classification: The club is designated as a social and recreational club, rather than a charity. As such, donations to this organization are not tax-deductible[2].

Financial Overview

In recent years, the club has reported revenues primarily from contributions and program services. For instance:

• Revenue (2022): Approximately $621,000, with contributions making up about 66.7% and program services accounting for around 36%.
• Expenses (2022): Total expenses were roughly $644,000.
• Assets and Liabilities (2022): The club had total assets of approximately $380,000 and liabilities of about $172,000[2].

Community Involvement

While specific details about community programs run by the Charleston Yacht Club are limited, it likely participates in local sailing events and regattas, contributing to the broader sailing culture in Charleston. Similar organizations often engage with community groups and other sailing clubs to support sailing activities and educational programs[4].

Historical Context

Yacht clubs in the United States, including those in Charleston, have a long history of promoting sailing as both a sport and a social activity. The Carolina Yacht Club, for example, is the oldest in Charleston and plays a significant role in local sailing events[4]. The historical presence of such clubs underscores their role in fostering sailing traditions and community engagement in coastal regions like Charleston.

[1] https://www.charlestoncommunitysailing.org/mission [2] https://projects.propublica.org/nonprofits/organizations/570338621 [3] https://en.wikipedia.org/wiki/Yacht_club [4] https://charlestonraceweek.com/about/community-partners [5] https://www.dnb.com/business-directory/company-profiles.the_charleston_yacht_club.495a5add4a7177f2ab0a056381c8577a.html