Sandy Point Sailing Association Inc

Analysis

Sandy Point Sailing Association Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in August 1997, 29 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 December 2023, Sandy Point Sailing Association Inc reported income of $51k and spending of $35k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $51k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sandy Point Sailing Association Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Northern Lebanon Midget Football Association ($51k), LP Youth Football League Inc ($51k) and Little League Baseball Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 68% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.