Geneva Lake Sailing School Inc

Analysis

Geneva Lake Sailing School Inc is a registered charity in United States, based in Fontana, WI. It received its IRS tax-exemption ruling in January 1954, 72 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Geneva Lake Sailing School Inc reported income of $677k and spending of $674k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $634k to $677k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Geneva Lake Sailing School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Brevard Soccer Alliance Inc ($677k), Newton Youth Soccer League Inc ($677k) and Salinas H S Athletic Booster Club ($677k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $131k (19% of expenses). Other salaries and wages came to $126k. At year end it held assets of $4.4m against liabilities of $724k, net assets of $3.7m. It reported 26 employees.