Inter-Collegiate Sailing Association of North America Inc

Analysis

Inter-Collegiate Sailing Association of North America Inc is a registered charity in United States, based in Centerville, MA. It received its IRS tax-exemption ruling in April 1970, 56 years ago. 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 December 2023, Inter-Collegiate Sailing Association of North America Inc reported income of $194k and spending of $210k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $194k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inter-Collegiate Sailing Association of North America Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Phelps Community Memorial Library ($194k), Atlantic Essential Development Inc ($194k) and Sequoia Parents Nursery School Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 23% of the total. At year end it held assets of $299k against liabilities of $52k, net assets of $247k.