Gloucester City Sail

Analysis

Gloucester City Sail is a registered charity in United States, based in Gloucester Cy, NJ. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Gloucester City Sail reported income of $81k and spending of $28k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $81k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gloucester City Sail sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Dallas Repertoire Ballet ($81k), Electrical Workers Historical Society ($81k) and Una Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.