Downtown Sailing Center Inc

Analysis

Downtown Sailing Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1994, 32 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 November 2023, Downtown Sailing Center Inc reported income of $824k and spending of $957k, spending 116% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $608k to $824k (+36%), an average of +7.9% a year. The sharpest change came in the year to November 2023, when income rose by 15%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Downtown Sailing Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Hat Trick Hockey Corp ($824k), United States Bowling Congress Inc ($825k) and Georgia Athletic Coaches Association ($824k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 61% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $56k (5.9% of expenses). Other salaries and wages came to $318k. At year end it held assets of $913k against liabilities of $732k, net assets of $181k. It reported 63 employees.