Grapevine Community Sailing Education Fund

Analysis

Grapevine Community Sailing Education Fund is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Grapevine Community Sailing Education Fund reported income of $119k and spending of $136k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $119k (-5.4%), an average of -5.4% a year. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grapevine Community Sailing Education Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Parkmead Education Resources Council ($119k), Swansboro Rotary Foundation ($119k) and Care to Share Cancer Support Group of Bourbon County Kansas Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 75% of the total. At year end it held assets of $15k against liabilities of $209, net assets of $15k.