White Bear Sailing School

Analysis

White Bear Sailing School is a registered charity in United States, based in White Bear LK, MN. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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 October 2023, White Bear Sailing School reported income of $163k and spending of $149k, spending 92% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $149k to $163k (+9.2%), an average of +9.2% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, White Bear Sailing School sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Minnesota Amateur Soccer Association Inc ($163k), Bristol Historical and Preservation Society ($163k) and Pure Joy International Retreat Ministry ($163k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $83k against liabilities of $100, net assets of $83k.