Edgewood Sailing School

Analysis

Edgewood Sailing School is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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, Edgewood Sailing School reported income of $176k and spending of $179k, spending 102% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $128k to $176k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edgewood Sailing School sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within RI. Charities of a similar size with the same main cause include Baptist Missions Foundation of Nevada Inc ($176k), Closter Nature Center Association ($176k) and PTA California Congress of Parents Teachers & Students Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Other salaries and wages came to $115k. At year end it held assets of $168k against liabilities of $13k, net assets of $155k. It reported 18 employees.