Freedom Sailing Camp of Florida Inc

Analysis

Freedom Sailing Camp of Florida Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freedom Sailing Camp of Florida Inc reported income of $52k and spending of $53k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $52k (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Sailing Camp of Florida Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Centro Civico Colombiano Inc ($52k), East Tuscaloosa Community Soup Bowl Inc ($52k) and Partners for Learning Across Cultures Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $3,804 (7.2% of expenses). Other salaries and wages came to $16k. At year end it held assets of $5,981 against liabilities of $9,162, net assets of -$3,181. It reported 4 employees.