United States Sailing Foundaton

Analysis

United States Sailing Foundaton is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United States Sailing Foundaton reported income of $1.4m and spending of $2.0m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $1.4m (+275%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 1319%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Sailing Foundaton 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 79th percentile within RI. Charities of a similar size with the same main cause include Montana Equestrian Events Inc ($1.4m), Laiopua 2020 ($1.4m) and Icc Americas ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $331k. At year end it held assets of $13.4m against liabilities of $6.4m, net assets of $7.0m.