Coconut Grove Sailing Club Instructional Center Inc

Analysis

Coconut Grove Sailing Club Instructional Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2015, 11 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 June 2023, Coconut Grove Sailing Club Instructional Center Inc reported income of $891k and spending of $1.1m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $652k to $891k (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coconut Grove Sailing Club Instructional Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Ice Dogs Hockey Association ($891k), Headwaters Trails Alliance ($891k) and The White County Fair Association Incorporated ($890k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $25k (2.3% of expenses). At year end it held assets of $179k against liabilities of $364k, net assets of -$185k. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.