Niantic Bay Sailing Academy

Analysis

Niantic Bay Sailing Academy is a registered charity in United States, based in Niantic, CT. 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, Niantic Bay Sailing Academy reported income of $125k and spending of $110k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $125k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Niantic Bay Sailing Academy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include American Youth Football Inc ($125k), Pa Elite Fastpitch Softball Inc ($125k) and Fluvanna Youth Soccer Association Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $146k against liabilities of $2,062, net assets of $144k.