Lake Champlain Community Sailing Center Inc

Analysis

Lake Champlain Community Sailing Center Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lake Champlain Community Sailing Center Inc reported income of $2.7m and spending of $1.5m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.7m (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Champlain Community Sailing Center Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within VT. Charities of a similar size with the same main cause include Roadrunner Foundation ($2.7m), United to Learn ($2.7m) and Berkshire Montessori School Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $104k (6.8% of expenses). Other salaries and wages came to $561k. At year end it held assets of $7.7m against liabilities of $797k, net assets of $6.9m. It reported 53 employees.