Havre de Grace Youth Sailing Program

Analysis

Havre de Grace Youth Sailing Program is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in July 2016, 10 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, Havre de Grace Youth Sailing Program reported income of $130k and spending of $114k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $130k (+17%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 17%. 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, Havre de Grace Youth Sailing Program 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 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Sunrise Swimming Booster Club Inc ($130k), Tri-State Soccer Training Inc ($130k) and Neenah Quarterback Club Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. At year end it held assets of $101k against liabilities of $13k, net assets of $88k.