Royal Palm Sailing Club Inc

Analysis

Royal Palm Sailing Club Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, Royal Palm Sailing Club Inc reported income of $316k and spending of $200k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $316k (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Royal Palm Sailing Club Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Bright Tomorrows Inc ($316k), American College of Physicians ($316k) and Hawaii Potters Guild ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $75k (38% of expenses). At year end it held assets of $1.2m against liabilities of $4,641, net assets of $1.2m. It reported 2 employees.