Columbia Sailing School

Analysis

Columbia Sailing School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbia Sailing School reported income of $1.0m and spending of $987k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $736k to $1.0m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Columbia Sailing School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Double Play Sports Community Center ($1.0m), Society of Wine Educators Inc ($1.0m) and Puget Sound Region of the United States Volleyball Assoc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $101k (10% of expenses). Other salaries and wages came to $357k. At year end it held assets of $536k against liabilities of $175k, net assets of $361k. It reported 63 employees.