Sailing Center Inc

Analysis

Sailing Center Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in September 2014, 12 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, Sailing Center Inc reported income of $132k and spending of $53k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $132k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 57% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sailing Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Mohawk Valley Stewardship Council ($132k), Los Angeles County Grand Park Foundation ($132k) and Dumont Soccer League ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 22% of the total. At year end it held assets of $299k against liabilities of $0, net assets of $299k.