Courageous Sailing Center for Youth Inc

Analysis

Courageous Sailing Center for Youth Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Courageous Sailing Center for Youth Inc reported income of $2.3m and spending of $2.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.3m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Courageous Sailing Center for Youth Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Teton Raptor Center ($2.3m), Kandu Group ($2.3m) and Global War on Terrorism Memorial Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $151k (5.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.3m against liabilities of $298k, net assets of $955k. It reported 151 employees.