Chautauqua Lake Community Sailing Foundation Inc

Analysis

Chautauqua Lake Community Sailing Foundation Inc is a registered charity in United States, based in Lakewood, NY. 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, Chautauqua Lake Community Sailing Foundation Inc reported income of $137k and spending of $109k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $137k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chautauqua Lake Community Sailing Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Ankeny Soccer Club ($136k), Boston Rowing Federation Inc ($137k) and Ian Walsh Menehune Mayhem Foundation ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 8.9% of the total. Other salaries and wages came to $66k. At year end it held assets of $177k against liabilities of $658, net assets of $176k. It reported 1 employees.