United States Sailing Center Inc

Analysis

United States Sailing Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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, United States Sailing Center Inc reported income of $642k and spending of $370k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $642k (+90%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Sailing Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Goodwill Industries of Houston Foundation ($642k), Spokane Valley Junior Soccer Association ($642k) and St Susan Center Inc ($642k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $12k. At year end it held assets of $2.1m against liabilities of $21k, net assets of $2.0m. It reported 3 employees.