Clagett Sailing

Analysis

Clagett Sailing is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in March 2010, 16 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, Clagett Sailing reported income of $299k and spending of $276k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $299k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Clagett Sailing sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Memorabilia Museum NFP ($299k), Oconee Futbol Club ($299k) and Little League Baseball Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 2.1% of the total. Other salaries and wages came to $56k. At year end it held assets of $694k against liabilities of $253, net assets of $694k. It reported 1 employees.