Breakwater Sailing Center Inc

Analysis

Breakwater Sailing Center Inc is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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, Breakwater Sailing Center Inc reported income of $571k and spending of $601k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $571k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Breakwater Sailing Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include New York Council Navy League of the United States Inc ($571k), Ascentria Care Alliance Inc ($571k) and The Stellar Academy for Dyslexics ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 75% of the total. Other salaries and wages came to $272k. At year end it held assets of $470k against liabilities of $25k, net assets of $446k. It reported 37 employees.