Pewaukee Lake Sailing School Inc

Analysis

Pewaukee Lake Sailing School Inc is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in February 1960, 66 years ago. 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, Pewaukee Lake Sailing School Inc reported income of $337k and spending of $253k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $337k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pewaukee Lake Sailing School Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Star Foundation ($337k), Volunteers of America Inc ($337k) and Konza United Way Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 71% of the total. Other salaries and wages came to $112k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 24 employees.