Sail Salem Inc

Analysis

Sail Salem Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in March 2007, 19 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, Sail Salem Inc reported income of $159k and spending of $128k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $159k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sail Salem Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Wylde Wind & Water ($159k), Viking Youth Soccer Association Inc ($159k) and Fraser Valley Lacrosse Club ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.