Beaufort Community Sailing and Boating

Analysis

Beaufort Community Sailing and Boating is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in April 2009, 17 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 2023, Beaufort Community Sailing and Boating reported income of $144k and spending of $154k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $144k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beaufort Community Sailing and Boating sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 52nd percentile within SC. Charities of a similar size with the same main cause include Lamorinda Rugby Football Club ($144k), Morgantown Redbirds Baseball Club Inc ($144k) and American Youth Football Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 49% of the total. At year end it held assets of $37k against liabilities of $1,935, net assets of $35k.