Skiff Sailing Foundation

Analysis

Skiff Sailing Foundation is a registered charity in United States, based in Albany, CA. It received its IRS tax-exemption ruling in May 2002, 24 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 (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, Skiff Sailing Foundation reported income of $189k and spending of $1.8m, spending 940% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.5m to $189k (-87%), an average of -34% a year. The sharpest change came in the year to December 2021, when income dropped by 70%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Skiff Sailing Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Stingray Swim Team ($189k), Amateur Athletic Union of the United States Inc ($189k) and Roc Foundation Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 187% of the total. At year end it held assets of $2.3m against liabilities of $469k, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.