Sail Marthas Vineyard Inc

Analysis

Sail Marthas Vineyard Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Marthas Vineyard Inc reported income of $648k and spending of $551k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $369k to $648k (+76%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sail Marthas Vineyard Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Out at the Movies ($648k), Spady Cultural Heritage Museum Inc ($648k) and Public Radio for the Front Range ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $147k (27% of expenses). At year end it held assets of $1.6m against liabilities of $844k, net assets of $749k. It reported 14 employees.