Sodus Bay Junior Sailing Association Incorporated Commercia

Analysis

Sodus Bay Junior Sailing Association Incorporated Commercia is a registered charity in United States, based in Sodus Point, NY. It received its IRS tax-exemption ruling in April 1959, 67 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, Sodus Bay Junior Sailing Association Incorporated Commercia reported income of $295k and spending of $246k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $295k (+129%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sodus Bay Junior Sailing Association Incorporated Commercia sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Samson Dubina Educational Table Tennis Academy Inc ($295k), Eastern Shore Hockey Association Inc ($295k) and Palisades Elite ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Other salaries and wages came to $120k. At year end it held assets of $769k against liabilities of $26k, net assets of $743k. It reported 18 employees.