Storm Trysail Foundation

Analysis

Storm Trysail Foundation is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in May 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Storm Trysail Foundation reported income of $255k and spending of $257k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $874k to $255k (-71%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Storm Trysail Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Buildsoccer ($255k), Virginia Beach Parks and Recreation Foundation ($255k) and SJGSL 2000 Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. At year end it held assets of $427k against liabilities of $32k, net assets of $395k.