Mark Sorensen Youth Sailing Programinc

Analysis

Mark Sorensen Youth Sailing Programinc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in September 2006, 20 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 April 2024, Mark Sorensen Youth Sailing Programinc reported income of $80k and spending of $97k, spending 122% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $127k to $80k (-37%), an average of -37% a year. The sharpest change came in the year to April 2024, when income dropped by 37%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mark Sorensen Youth Sailing Programinc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Chicago Griffins Rugby Football Club Inc ($80k), Knob Noster Youth Sports Association ($80k) and East Girls Basketball Association Inc ($80k).

On its Form 990-EZ for the period ending April 2024, revenue came from program service revenue 140% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.