New York Harbor Sailing Foundation

Analysis

New York Harbor Sailing Foundation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 2025. 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 2020, New York Harbor Sailing Foundation reported income of $125k and spending of $217k, spending 173% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $567k to $125k (-78%), an average of -78% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New York Harbor Sailing Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($125k), River Forest Youth Soccer Ltd ($125k) and Ridgefield Girls Softball Inc ($125k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $27k. At year end it held assets of $258k against liabilities of $0, net assets of $258k. It reported 4 employees.