Carolina Sailing Foundation

Analysis

Carolina Sailing Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in March 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 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, Carolina Sailing Foundation reported income of $126k and spending of $125k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $126k (+7.2%), an average of +7.2% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolina Sailing Foundation 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 41st percentile within NC. Charities of a similar size with the same main cause include Cache Valley Basketball Academy and Elite Teams ($126k), Avonworth Hockey Club ($126k) and Williston Youth Athletic Association Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.