Supporters of Olympia Community Sailing

Analysis

Supporters of Olympia Community Sailing is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Supporters of Olympia Community Sailing reported income of $342k and spending of $349k, spending 102% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $281k to $342k (+22%), an average of +22% a year. The sharpest change came in the year to April 2024, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Supporters of Olympia Community Sailing sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include LA Jolla Tennis Club ($342k), Northville Youth Footballassociation Inc ($342k) and Pioneer Valley Interscholastic ($342k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). It paid $1,028 in professional fundraising fees. At year end it held assets of $157k against liabilities of $3,749, net assets of $153k. It reported 19 employees.