Gold Star Sailing

Analysis

Gold Star Sailing is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Gold Star Sailing reported income of $71k and spending of $57k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $71k (+196%), an average of +196% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gold Star Sailing sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Strengthen Teens and Reach Inner City Vital Environments ($71k), Virtue Sports Inc ($71k) and Polson Youth Soccer Association Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.