Ragnot Amateur Sailing Association of Texas

Analysis

Ragnot Amateur Sailing Association of Texas is a registered charity in United States, based in LA Porte, TX. It received its IRS tax-exemption ruling in July 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ragnot Amateur Sailing Association of Texas reported income of $304k and spending of $311k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $353k to $304k (-14%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ragnot Amateur Sailing Association of Texas sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Smyrna Junior Baseball League Inc ($304k), Little League Baseball Inc ($304k) and Arts Council of White Lake ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.