Harry McDonough Sailing Center Inc

Analysis

Harry McDonough Sailing Center Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2014, 12 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, Harry McDonough Sailing Center Inc reported income of $219k and spending of $164k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $203k to $219k (+7.7%), an average of +7.7% a year. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Harry McDonough Sailing Center Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Highland Village Area Baseball- Softball Association ($219k), Lacey Youth and Football Cheer Inc ($219k) and Socastee High School Athletic Assoc Iation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (71% of expenses). At year end it held assets of $121k against liabilities of $0, net assets of $121k. It reported 25 employees.