Community Sailing of Colorado Ltd

Analysis

Community Sailing of Colorado Ltd is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1995, 31 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 December 2023, Community Sailing of Colorado Ltd reported income of $778k and spending of $688k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $617k to $778k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Community Sailing of Colorado Ltd sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Girls on the Run of the Bay Area Inc ($777k), Oklahoma City Youth Hockey Association ($778k) and Fayetteville Soccer Club Inc ($777k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $164k (24% of expenses). Other salaries and wages came to $150k. At year end it held assets of $591k against liabilities of $9,144, net assets of $582k. It reported 46 employees.