Hudson River Community Sailing Inc

Analysis

Hudson River Community Sailing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2008, 18 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 November 2023, Hudson River Community Sailing Inc reported income of $2.3m and spending of $2.5m, spending 109% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.8m to $2.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to November 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hudson River Community Sailing Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Minot Junior Golf Association Inc ($2.3m), Washington on the Brazos Historical Foundation ($2.3m) and Smith Memorial Playgrounds ($2.3m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $131k (5.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $464k, net assets of $1.6m. It reported 86 employees.