United States Sailing Association Inc

Analysis

United States Sailing Association Inc is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in January 1941, 85 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, United States Sailing Association Inc reported income of $9.5m and spending of $12.3m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.5m to $9.5m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Sailing Association Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Arizona Golf Community Foundation ($9.5m), Loudoun Youth Soccer Association ($9.5m) and Bell County Expo Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $715k (5.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $11.1m against liabilities of $9.2m, net assets of $1.9m. It reported 72 employees.