Nantucket Community Sailing Inc

Analysis

Nantucket Community Sailing Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in September 1995, 31 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 October 2023, Nantucket Community Sailing Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $1.8m to $1.5m (-18%), an average of -4.7% a year. The sharpest change came in the year to October 2021, when income rose by 114%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nantucket Community Sailing Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Yale Youth Hockey Association Incorporated ($1.5m), St Joseph County Grange Fair Assoc ($1.5m) and Special Olympics South Dakota Inc ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 72% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $158k (11% of expenses). Other salaries and wages came to $565k. At year end it held assets of $5.1m against liabilities of $469k, net assets of $4.7m. It reported 37 employees.