Lake Winnipesaukee Sailing Association Inc

Analysis

Lake Winnipesaukee Sailing Association Inc is a registered charity in United States, based in Gilford, NH. It received its IRS tax-exemption ruling in April 1993, 33 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, Lake Winnipesaukee Sailing Association Inc reported income of $225k and spending of $190k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $225k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Winnipesaukee Sailing Association Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within NH. Charities of a similar size with the same main cause include The Crocker Field Restoration Committee Inc ($225k), Lombard Baseball League ($225k) and DC Everest Youth Hockey Association Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. At year end it held assets of $930k against liabilities of $4,899, net assets of $925k. It reported 16 employees.