Cohasset Sailing Club Inc

Analysis

Cohasset Sailing Club Inc is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in May 1962, 64 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 September 2024, Cohasset Sailing Club Inc reported income of $218k and spending of $277k, spending 127% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $211k to $218k (+3.6%), an average of +0.7% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cohasset Sailing Club Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Glacier Skate Academy Inc ($218k), Mission Bend Greenbelt Association ($218k) and Delano Youth Baseball-Softball ($218k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $123k. At year end it held assets of $602k against liabilities of $0, net assets of $602k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.