Treasure Island Sailing Center Foundation

Analysis

Treasure Island Sailing Center Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1999, 27 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, Treasure Island Sailing Center Foundation reported income of $665k and spending of $1.1m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $894k to $665k (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Treasure Island Sailing Center Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Rum River BMX Association ($665k), Polo Training Foundation ($665k) and Patriot FC ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $115k (11% of expenses). Other salaries and wages came to $477k. At year end it held assets of $3.9m against liabilities of $50k, net assets of $3.8m. It reported 41 employees.