Wianno Sailing Foundation Inc

Analysis

Wianno Sailing Foundation Inc is a registered charity in United States, based in East Sandwich, MA. It received its IRS tax-exemption ruling in March 2022, 4 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, Wianno Sailing Foundation Inc reported income of $82k and spending of $38k, leaving 54% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $143k to $82k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 37% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wianno Sailing Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Three Rivers Swimming ($82k), Manchester South Sabres Football and Spirit Association ($82k) and Aberdeen Family Y Foundation Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $1.5m against liabilities of $120k, net assets of $1.4m.