Park City Sailing Association

Analysis

Park City Sailing Association is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Park City Sailing Association reported income of $582k and spending of $392k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $582k (+127%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park City Sailing Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include Rouse High School Athletic Booster Club ($582k), Texas A&m University - Centraltexas Foundation ($582k) and Center for Open Data Enterprise Inc ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. Other salaries and wages came to $179k. At year end it held assets of $500k against liabilities of $37, net assets of $500k. It reported 24 employees.