Singlehanded Sailing Society Inc

Analysis

Singlehanded Sailing Society Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in June 2021, 5 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, Singlehanded Sailing Society Inc reported income of $68k and spending of $57k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $68k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Singlehanded Sailing Society Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Timberlake Dixie Youth ($68k), Lincoln Youth Football Andcheerleading Association ($68k) and Pigg River Community Development Corporation ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 50% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.