The Long Beach Sailing Foundation

Analysis

The Long Beach Sailing Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, The Long Beach Sailing Foundation reported income of $243k and spending of $266k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $222k to $243k (+9.5%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Long Beach Sailing Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Ennis Community Childrens School ($243k), Kingdom Pillars of Faith and Hope ($243k) and Pennsylvania Chamber of Business & Industry Educational Foundation ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $542k against liabilities of $15k, net assets of $527k.