Southern Maryland Sailing Foundation Inc

Analysis

Southern Maryland Sailing Foundation Inc is a registered charity in United States, based in St Marys City, MD. It received its IRS tax-exemption ruling in February 2000, 26 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, Southern Maryland Sailing Foundation Inc reported income of $85k and spending of $75k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $85k (-11%), an average of -11% a year. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Maryland Sailing Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Lafayette Cheer Boosters ($85k), Little League Baseball Inc ($85k) and Smash Fastpitch ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 66% of the total. At year end it held assets of $178k against liabilities of $32k, net assets of $147k.