Ludington Youth Sailing School Inc

Analysis

Ludington Youth Sailing School Inc is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in August 2014, 12 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, Ludington Youth Sailing School Inc reported income of $53k and spending of $48k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $53k (-14%), an average of -14% a year. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ludington Youth Sailing School Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Ohio Buckets Inc ($53k), Huntsville Youth Football League ($53k) and Big Cat Wrestling ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 29% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.