Community Sailing New Orleans Inc

Analysis

Community Sailing New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2011, 15 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 2022, Community Sailing New Orleans Inc reported income of $1.4m and spending of $814k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $381k to $1.4m (+266%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 192%. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Community Sailing New Orleans Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include St Johns Middle School Athletic Assoc ($1.4m), Groundwork Elizabeth Inc ($1.4m) and Beat the Streets Wrestling Program Philadelphia ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% and program service revenue 8.5% of the total. Other salaries and wages came to $160k. It paid $129k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $1.7m, net assets of $3.3m. It reported 17 employees.