Traverse Area Community Sailing

Analysis

Traverse Area Community Sailing is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in January 1996, 30 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, Traverse Area Community Sailing reported income of $321k and spending of $335k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $321k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Traverse Area Community Sailing sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Philadelphia Soccer Club of Northeast Philadelphia ($321k), Rising Tide Effect ($321k) and Lancer Legacy Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Other salaries and wages came to $182k. At year end it held assets of $283k against liabilities of $10k, net assets of $273k. It reported 27 employees.