International Star Class Yacht Racing Association Legacy Foundati
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE ORGANIZATION SEEKS TO CREATE A SEPARATE FOCUS AROUND MEMBERSHIP DEVELOPMENT BY DEVOTING LONG TERM THINKING AROUND PROMOTION AND DEVELOPMENT STAR CLASS SAILBOAT RACING THROUGHOUT THE WORLD.
- Income
- $65,978
- Spending
- $16,040
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 41%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- THE ORGANIZATION MAY MAKE FUNDS AVAILABLE TO APPLICANTS (INDIVIDUALS OR ORGANIZATIONS) THAT DEMONSTRATE A STONG DESIRE TO ENGAGE IN STAR CLASS SAILBOAT RACING. THE GOAL WOULD BE TO DEVELOP AN INTEREST IN STAR CLASS SAILBOAT RACING.
- THE VINTAGE GOLD CUP IS AN ANNUAL EVENT SANCTIONED BY INTERNATIONAL STAR CLASS YACHT RACING ASSOCIATION THROUGH ITS RULE 26.3 SPECIAL EVENTS. IT IS SAILED BY ELIGIBLE SKIPPERS IN RESTORED WOODEN BOATS OF THE STAR CLASS AND OPEN TO ALL FLEETS AND MEMBERS. THE WINNER IS AWARDED THE CLASS HONOR OF A GOLD LAUREL WREATH.
- INTERNATIONAL STAR CLASS YACHT RACING ASSOCIATION SERVES AS THE ORGANIZATIONAL AUTHORITY IN PROMOTING, DEVELOPING AND GOVERNING STAR CLASS SAILBOAT RACING THROUGHOUT THE WORLD UNDER UNIFORM RULES.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2019 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.