Sail Chicago

Analysis

Sail Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2012, 14 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 December 2023, Sail Chicago reported income of $170k and spending of $159k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $170k (-3.1%), an average of -3.1% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sail Chicago sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Lancaster Baseball Club ($170k), USA Wrestling of ND ($170k) and Bellevue American Legion Youth Baseball Association ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 48% of the total. At year end it held assets of $299k against liabilities of $16k, net assets of $283k.