Charleston Community Sailing Inc

Analysis

Charleston Community Sailing Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2001, 25 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, Charleston Community Sailing Inc reported income of $214k and spending of $299k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $214k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charleston Community Sailing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Miracle League of Des Moines Kiwanis ($214k), Hamilton Girls Softball Association Inc ($214k) and Bethlehem Hockey Boosters ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 49% of the total. Other salaries and wages came to $133k. At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 14 employees.