Santa Monica Bay Sailing Foundation

Analysis

Santa Monica Bay Sailing Foundation is a registered charity in United States, based in Marina Del Rey, CA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Santa Monica Bay Sailing Foundation reported income of $68k and spending of $61k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $68k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Santa Monica Bay Sailing Foundation sits at the 30th percentile: it is larger than about 30% 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 Hillside Organization of Parents and Educators ($68k), The International Society for Japanese Philately ($68k) and Hope for Sisis Kids Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.