American Sailing Institute

Analysis

American Sailing Institute is a registered charity in United States, based in Auburn Hills, MI. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, American Sailing Institute reported income of $75k and spending of $45k, leaving 39% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $20k to $75k (+274%), an average of +39% a year. The sharpest change came in the year to October 2021, when income rose by 2150%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Sailing Institute sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include CHS Coyote Football ($75k), Worthington Swim Club Boosters Inc ($75k) and Washington County Home School Athletics ($75k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.