Greenwich Bay Sailing Assn Inc

Analysis

Greenwich Bay Sailing Assn Inc is a registered charity in United States, based in E Greenwich, RI. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Greenwich Bay Sailing Assn Inc reported income of $187k and spending of $163k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $187k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greenwich Bay Sailing Assn Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within RI. Charities of a similar size with the same main cause include The Beacon Resource Center Inc ($187k), River Cities Community Pool Association Inc ($187k) and Lubbock Swim Club ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Other salaries and wages came to $83k. It paid $1,500 in professional fundraising fees. At year end it held assets of $329k against liabilities of $26k, net assets of $303k.