Newport Harbor Sailing Foundation

Analysis

Newport Harbor Sailing Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in October 1997, 29 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, Newport Harbor Sailing Foundation reported income of $103k and spending of $96k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $103k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newport Harbor Sailing Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($103k), Clovis Sharks Inc ($103k) and Yankee Dugout Club ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.