Regatta Point Community Sailing Inc

Analysis

Regatta Point Community Sailing Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 2017, 9 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, Regatta Point Community Sailing Inc reported income of $409k and spending of $385k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $409k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Regatta Point Community Sailing Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Mississippi Quarter Horse Association ($409k), USA Swimming Inc ($409k) and Standing Boy Inc ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $32k (8.4% of expenses). Other salaries and wages came to $145k. At year end it held assets of $251k against liabilities of $195k, net assets of $56k. It reported 24 employees.