Falmouth Harbor Sailing School Inc

Analysis

Falmouth Harbor Sailing School Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Falmouth Harbor Sailing School Inc reported income of $213k and spending of $229k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $213k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Falmouth Harbor Sailing School 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 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Saint Louis Disc Golf Club ($213k), Wilmington Delaware Area Rotary Clubs Community Fund ($213k) and USA Swimming Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $112k. At year end it held assets of $269k against liabilities of $3,832, net assets of $266k. It reported 23 employees.