Sheboygan Youth Sailing Club Inc

Analysis

Sheboygan Youth Sailing Club Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in June 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sheboygan Youth Sailing Club Inc reported income of $503k and spending of $213k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $503k (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheboygan Youth Sailing Club Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Brentwood High School PTO ($503k), Notre Dame Schools ($503k) and Our Lady of Walsingham Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 19% of the total. Other salaries and wages came to $44k. At year end it held assets of $990k against liabilities of $0, net assets of $990k. It reported 17 employees.