Davis Island Youth Sailing Foundation Inc

Analysis

Davis Island Youth Sailing Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 1990, 36 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 April 2023, Davis Island Youth Sailing Foundation Inc reported income of $366k and spending of $353k, spending 96% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $239k to $366k (+53%), an average of +15% a year. The sharpest change came in the year to April 2022, when income rose by 312%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Davis Island Youth Sailing Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include United Soccer Club Inc ($366k), Idaho Trails Association ($366k) and Albany Area Gymnastics Association ($365k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $186k. At year end it held assets of $423k against liabilities of $167k, net assets of $256k. It reported 13 employees.