Usmma Sailing Foundation Inc

Analysis

Usmma Sailing Foundation Inc is a registered charity in United States, based in Kings Point, NY. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Usmma Sailing Foundation Inc reported income of $18.0m and spending of $17.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $18.0m (+199%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 286%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Usmma Sailing Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Operation Breakthrough Inc ($18.0m), Center for Strategic Leadership and Organizational Coherence Inc ($18.0m) and Hoffman Institute Foundation ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $290k (1.6% of expenses). Other salaries and wages came to $215k. At year end it held assets of $41.7m against liabilities of $788k, net assets of $40.9m. It reported 7 employees.