Sailing Foundation of Barnegat Bay Inc

Analysis

Sailing Foundation of Barnegat Bay Inc is a registered charity in United States, based in Island HGTS, NJ. It received its IRS tax-exemption ruling in March 2004, 22 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 (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, Sailing Foundation of Barnegat Bay Inc reported income of $83k and spending of $93k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $237k to $83k (-65%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sailing Foundation of Barnegat Bay Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Tropical Park Boxing Foundation Inc ($83k), Wisconsin Association USA Track & Field Inc ($83k) and Heat Softball Team Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $288k against liabilities of $0, net assets of $288k.