Little Traverse Sailors

Analysis

Little Traverse Sailors is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in August 1972, 54 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 September 2023, Little Traverse Sailors reported income of $275k and spending of $290k, spending 105% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $243k to $275k (+13%), an average of +6.3% a year. 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, Little Traverse Sailors sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Bike Miami Valley Ohio ($275k), Academy of Hope Inc ($275k) and Westlake Youth Basketball Association ($275k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $98k. At year end it held assets of $302k against liabilities of $7,079, net assets of $295k. It reported 17 employees.