Quassapaug Sailing Center Inc

Analysis

Quassapaug Sailing Center Inc is a registered charity in United States, based in Middlebury, CT. It received its IRS tax-exemption ruling in April 2003, 23 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, Quassapaug Sailing Center Inc reported income of $184k and spending of $197k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $184k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Quassapaug Sailing Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Special Populations Tennis Program Inc ($184k), Manitowoc Youth Baseball Softball Ltd ($184k) and North City Youth Baseball League ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $55k. At year end it held assets of $758k against liabilities of $320k, net assets of $437k. It reported 11 employees.