United States Sailing Center of Martin County Inc

Analysis

United States Sailing Center of Martin County Inc is a registered charity in United States, based in Jensen Beach, FL. It received its IRS tax-exemption ruling in July 1994, 32 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 September 2023, United States Sailing Center of Martin County Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $1.2m (-4.5%), an average of -1.2% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Sailing Center of Martin County Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Montana Youth Soccer Association ($1.2m), Friends of American Lake Veterans Golf Course ($1.2m) and Plymouth Soccer Club Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Other salaries and wages came to $611k. At year end it held assets of $2.9m against liabilities of $103k, net assets of $2.8m. It reported 36 employees.