Veteran Sailing Inc

Analysis

Veteran Sailing Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Veteran Sailing Inc reported income of $199k and spending of $75k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $199k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 42% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Veteran Sailing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Tennessee Driver Improvement Program Inc ($199k), Wilpen Fire Company of Ligonier Township ($199k) and Waynesboro Volunteer Fire Department Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $514k against liabilities of $0, net assets of $514k.