Clearwater Community Sailing Association Inc

Analysis

Clearwater Community Sailing Association Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in February 1989, 37 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 September 2023, Clearwater Community Sailing Association Inc reported income of $615k and spending of $685k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $513k to $615k (+20%), an average of +4.6% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clearwater Community Sailing Association Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Oakdale Saddle Club 1 Mile E of Po ($615k), Eugene Concert Choir Inc ($616k) and Community Association of Big Sur ($615k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 64% of the total. Other salaries and wages came to $410k. At year end it held assets of $256k against liabilities of $19k, net assets of $237k. It reported 34 employees.