Stage Harbor Sailing School Inc

Analysis

Stage Harbor Sailing School Inc is a registered charity in United States, based in Brewster, MA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stage Harbor Sailing School Inc reported income of $262k and spending of $393k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $882k to $262k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stage Harbor Sailing School Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Tri-City Shooting Association ($262k), The Noroton Fire Department Incorporated ($262k) and Associated Charities of Titusville Pennsylvania ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 48% of the total. Other salaries and wages came to $132k. At year end it held assets of $2.9m against liabilities of $250k, net assets of $2.6m. It reported 32 employees.