Junior Sailing Association of Long Island Sound Inc

Analysis

Junior Sailing Association of Long Island Sound Inc is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in January 1964, 62 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 October 2023, Junior Sailing Association of Long Island Sound Inc reported income of $205k and spending of $170k, spending 83% of its income. Across the 3 years on record, from October 2021 to October 2023, income grew from $201k to $205k (+2.0%), an average of +1.0% a year. The sharpest change came in the year to October 2023, when income rose by 28%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Junior Sailing Association of Long Island Sound Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Califon Fire Company ($205k), Bakersfield Parent-Nursery ($205k) and Cloverleaf Music Associates Inc ($205k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Other salaries and wages came to $8,190. At year end it held assets of $232k against liabilities of $9,287, net assets of $223k. It reported 4 employees.