Sarasota Youth Sailing Inc

Analysis

Sarasota Youth Sailing Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Sarasota Youth Sailing Inc reported income of $502k and spending of $477k, spending 95% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $493k to $502k (+1.8%), an average of +0.6% a year. The sharpest change came in the year to September 2022, when income rose by 32%. 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, Sarasota Youth Sailing Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Aiken-Augusta Swim League Inc ($502k), Admirals Baseball Academy ($502k) and Southern Organized Cheer Support Inc ($502k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 31% and program service revenue 54% of the total. Other salaries and wages came to $222k. At year end it held assets of $654k against liabilities of $5,044, net assets of $649k. It reported 24 employees.