Young American Sailing Academy Inc

Analysis

Young American Sailing Academy Inc is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in October 2018, 8 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, Young American Sailing Academy Inc reported income of $54k and spending of $64k, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $108k to $54k (-50%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Young American Sailing Academy Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Mason County Livestock Show Inc ($54k), Rush County Booster Club Inc ($54k) and Na Hoa Holomoku Sailing Club ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $7,500, net assets of $139k.