United States Optimist Dinghy Association Inc

Analysis

United States Optimist Dinghy Association Inc is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in July 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United States Optimist Dinghy Association Inc reported income of $274k and spending of $301k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $274k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Optimist Dinghy Association Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include Impact Montana Incorporated ($274k), St Botolph Club Foundation ($274k) and St Timothys Park Villa Housing Development Fund Company ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $374k against liabilities of $258k, net assets of $116k.