Conanicut Island Sailing Foundation

Analysis

Conanicut Island Sailing Foundation is a registered charity in United States, based in Jamestown, RI. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Conanicut Island Sailing Foundation reported income of $724k and spending of $630k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $724k (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 80% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Conanicut Island Sailing Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within RI. Charities of a similar size with the same main cause include Western Sustainability Exchange ($723k), Low Impact Hydropower Institute ($724k) and South Dakota Soil Health Coalition ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $252k. At year end it held assets of $1.1m against liabilities of $16k, net assets of $1.1m. It reported 18 employees.