Privateer Sailing Education Foundation

Analysis

Privateer Sailing Education Foundation is a registered charity in United States, based in Hixson, TN. 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, Privateer Sailing Education Foundation reported income of $141k and spending of $134k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $141k (+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 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Privateer Sailing Education Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include The Show Jumping Hall of Fame and Museum Inc ($141k), Durant Riding Club ($141k) and Team Connecticut Baseball Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 58% of the total. At year end it held assets of $121k against liabilities of $11k, net assets of $109k.