Sheridan Shore Sailing School

Analysis

Sheridan Shore Sailing School is a registered charity in United States, based in Wilmette, IL. It received its IRS tax-exemption ruling in December 2001, 25 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 October 2023, Sheridan Shore Sailing School reported income of $602k and spending of $694k, spending 115% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $285k to $602k (+111%), an average of +21% a year. The sharpest change came in the year to October 2021, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sheridan Shore Sailing School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Framingham Junior Flyers Hockey Program Inc ($602k), Next Play 360 ($602k) and National Field Hockey Coaches Association Inc ($602k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Other salaries and wages came to $378k. At year end it held assets of $335k against liabilities of $67k, net assets of $268k. It reported 31 employees.