Peninsula Youth Sailing Foundation

Analysis

Peninsula Youth Sailing Foundation is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in November 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, Peninsula Youth Sailing Foundation reported income of $757k and spending of $731k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $561k to $757k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peninsula Youth Sailing Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Club Champions League ($757k), Old Dominion Athletic Conference Inc ($757k) and Illinois State Usbc ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $352k. At year end it held assets of $452k against liabilities of $220k, net assets of $232k. It reported 19 employees.