New England Science & Sailing Foundation Inc

Analysis

New England Science & Sailing Foundation Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in August 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New England Science & Sailing Foundation Inc reported income of $3.6m and spending of $3.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.6m (+7.6%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New England Science & Sailing Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include West Orange Community House and Boys & Girls Club Inc ($3.6m), Greater Kansas City Sports Foundation ($3.6m) and New England Disabled Sports ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $413k (11% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.4m against liabilities of $1.7m, net assets of $3.7m. It reported 77 employees.