Pacific Coast Sailing Foundation

Analysis

Pacific Coast Sailing Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, Pacific Coast Sailing Foundation reported income of $434k and spending of $429k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $434k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 129%. 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, Pacific Coast Sailing Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Newport Harbor Football Boosters ($434k), Colorado Womens Education Foundation ($434k) and Hartage Foundation ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $135k. At year end it held assets of $383k against liabilities of $18k, net assets of $364k. It reported 3 employees.