Sailing Education Adventures

Analysis

Sailing Education Adventures is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. 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, Sailing Education Adventures reported income of $143k and spending of $146k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $143k (+3.4%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sailing Education Adventures sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Luke Officers Spouses Club ($143k), California Federation of Womens Clubs ($143k) and Duluth Rowing Club Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. At year end it held assets of $146k against liabilities of $37, net assets of $145k.