Greenwich Sailing School Inc

Analysis

Greenwich Sailing School Inc is a registered charity in United States, based in Riverside, CT. It received its IRS tax-exemption ruling in May 2022, 4 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, Greenwich Sailing School Inc reported income of $392k and spending of $388k, spending 99% of its income. 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, Greenwich Sailing School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Cascade Soccer Club ($392k), Trails 2000 Inc ($392k) and Maine High School Hockey Association ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Other salaries and wages came to $189k. At year end it held assets of $162k against liabilities of $143k, net assets of $19k. It reported 31 employees.