Gulf Coast Youth Sailing Association

Analysis

Gulf Coast Youth Sailing Association is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 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 (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, Gulf Coast Youth Sailing Association reported income of $94k and spending of $105k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $94k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. 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, Gulf Coast Youth Sailing Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Wolfpack United ($94k), Rids Kids ($94k) and Milford Hopedale Youth Soccer Assoc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $64k (61% of expenses). At year end it held assets of $45k against liabilities of $14k, net assets of $31k. It reported 1 employees.