Manchester Sailing Association Inc

Analysis

Manchester Sailing Association Inc is a registered charity in United States, based in Manchester, MA. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, Manchester Sailing Association Inc reported income of $167k and spending of $195k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $389k to $167k (-57%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manchester Sailing Association Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Michiana Family Center ($167k), Tulare County Historical Society ($167k) and Urban Youth Outreach ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 70% of the total. Other salaries and wages came to $90k. At year end it held assets of $584k against liabilities of $23k, net assets of $561k. It reported 17 employees.