The Sailing Foundation of New York Inc

Analysis

The Sailing Foundation of New York Inc is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in November 2003, 23 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 (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, The Sailing Foundation of New York Inc reported income of $1.4m and spending of $433k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $1.4m (+467%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 2270%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Sailing Foundation of New York Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Woodside Soccer Club Inc ($1.4m), Jim Wells County Fair Assn ($1.4m) and Boys and Girls Club of Greater Salem Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.