American Sailboat Racing Foundation Inc

Analysis

American Sailboat Racing Foundation Inc is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Sailboat Racing Foundation Inc reported income of $433k and spending of $415k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $119k to $433k (+265%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 196%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Sailboat Racing Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Landis Valley Associates ($433k), Wawenock Country Club ($433k) and Capoeiradc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $104k against liabilities of $36k, net assets of $67k.