Englewood Sailing Association Inc

Analysis

Englewood Sailing Association Inc is a registered charity in United States, based in Englewood, FL. It received its IRS tax-exemption ruling in December 2003, 23 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, Englewood Sailing Association Inc reported income of $81k and spending of $99k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $81k (+7.0%), an average of +7.0% a year. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Englewood Sailing Association Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Spring Cypress Swim Team ($81k), Futbol Club of Tampa Inc ($81k) and Westchester Ultimate Disc Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 42% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.