Key West Community Sailing Center Inc

Analysis

Key West Community Sailing Center Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in March 2011, 15 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 December 2023, Key West Community Sailing Center Inc reported income of $260k and spending of $234k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $216k to $260k (+20%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Key West Community Sailing Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Northwest Youth Baseball Inc ($260k), Central Coast Surf Soccer Club ($260k) and Milan USA Academy Incorporated ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 32% of the total. Other salaries and wages came to $129k. At year end it held assets of $322k against liabilities of $2,288, net assets of $319k. It reported 3 employees.