Northeast Harbor Sailing School

Analysis

Northeast Harbor Sailing School is a registered charity in United States, based in Ne Harbor, ME. It received its IRS tax-exemption ruling in January 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Northeast Harbor Sailing School reported income of $565k and spending of $322k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $283k to $565k (+100%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northeast Harbor Sailing School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include New Melle Sports and Recreation Inc ($564k), Aim High Gymnastics Parents Association ($565k) and Miami Rowing & Watersports Center ($564k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $147k. At year end it held assets of $1.1m against liabilities of $64k, net assets of $1.0m. It reported 23 employees.