Sailing Foundation

Analysis

Sailing Foundation is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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, Sailing Foundation reported income of $134k and spending of $145k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $134k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sailing Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include Technology Student Association ($134k), Salisbury Arts Alliance Inc ($134k) and Wells Branch Soccer Association ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 63% of the total. At year end it held assets of $307k against liabilities of $2,516, net assets of $304k.