Team Paradise Sailing Inc

Analysis

Team Paradise Sailing Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2008, 18 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 May 2024, Team Paradise Sailing Inc reported income of $245k and spending of $203k, spending 83% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $157k to $245k (+57%), an average of +12% a year. The sharpest change came in the year to May 2024, when income rose by 58%. 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, Team Paradise Sailing Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Turlock Crush Volleyball Club ($245k), Border Olympics Inc ($246k) and El Camino Futbol Club ($245k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $36k (18% of expenses). Other salaries and wages came to $36k. At year end it held assets of $98k against liabilities of $7,251, net assets of $90k. It reported 2 employees.