Oakcliff Sailing Incorporated

Analysis

Oakcliff Sailing Incorporated is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in December 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, Oakcliff Sailing Incorporated reported income of $2.9m and spending of $3.9m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.9m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oakcliff Sailing Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Camp Jorn Young Mens Christian Association ($2.9m), Michigan State Youth Soccer Assn ($2.9m) and Alamo Volleyball Association ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $242k (6.2% of expenses). Other salaries and wages came to $448k. At year end it held assets of $6.4m against liabilities of $987k, net assets of $5.4m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.