Windmark Sailing Foundation Inc

Analysis

Windmark Sailing Foundation Inc is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Windmark Sailing Foundation Inc reported income of $1.3m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $1.3m (+359%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 1006%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Windmark Sailing Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Grattan After School Program ($1.3m), Healing Journey Inc ($1.3m) and Overture Outreach International ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $165k (15% of expenses). Other salaries and wages came to $12k. At year end it held assets of $888k against liabilities of $2,151, net assets of $885k. It reported 3 employees.