Viridian Sailing Center Foundation

Analysis

Viridian Sailing Center Foundation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in August 2017, 9 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, Viridian Sailing Center Foundation reported income of $128k and spending of $120k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $128k (-6.4%), an average of -6.4% a year. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Viridian Sailing Center Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Blue Ridge Riding Club Inc ($128k), Whitemarsh Girls Softball League Incorporated ($128k) and Silicon Valley Curling Club ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 19% of the total. At year end it held assets of $24k against liabilities of $9,642, net assets of $14k.