US Patriot Sailing Inc

Analysis

US Patriot Sailing Inc is a registered charity in United States, based in Chesapeak BCH, MD. It received its IRS tax-exemption ruling in June 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 September 2023, US Patriot Sailing Inc reported income of $455k and spending of $286k, leaving 37% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $304k to $455k (+50%), an average of +50% a year. The sharpest change came in the year to September 2023, when income rose by 50%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, US Patriot Sailing Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Future Soccer Inc ($455k), Bair Island Aquatic Center Inc ($455k) and Montana Institute of Sport ($455k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $511k against liabilities of $0, net assets of $511k.