Youth Sailing Virginia Inc

Analysis

Youth Sailing Virginia Inc is a registered charity in United States, based in Fort Monroe, VA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Youth Sailing Virginia Inc reported income of $327k and spending of $229k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $212k to $327k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Youth Sailing Virginia Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($327k), Pa Starz Inc ($327k) and River Surge FC Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. Other salaries and wages came to $76k. At year end it held assets of $333k against liabilities of $36k, net assets of $297k. It reported 14 employees.