Concord Sailing Center Inc

Analysis

Concord Sailing Center Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1997, 29 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, Concord Sailing Center Inc reported income of $88k and spending of $137k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $88k (+21%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Concord Sailing Center Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Missouri Wrestling Foundation ($88k), Wiregrass Kings Corporation ($88k) and Delray Beach Pickleball Club ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. At year end it held assets of $63k against liabilities of $3,002, net assets of $60k.