American Sail Training Association

Analysis

American Sail Training Association is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in December 1973, 53 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, American Sail Training Association reported income of $1.2m and spending of $1.5m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $803k to $1.2m (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Sail Training Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within RI. Charities of a similar size with the same main cause include Silicon Valley Soccer Academy ($1.2m), Friends of the Levitt Pavilion -Arlington ($1.2m) and DC Edge Adult Synchronized Skating Teams ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $193k (13% of expenses). At year end it held assets of $776k against liabilities of $571k, net assets of $205k. It reported 10 employees.