S a L T S Sail and Life Training Society

Analysis

S a L T S Sail and Life Training Society is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, S a L T S Sail and Life Training Society reported income of $2.9m and spending of $3.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $2.9m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, S a L T S Sail and Life Training Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile. Charities of a similar size with the same main cause include Jack and Jill of America Foundation Inc ($2.9m), All Star Tournaments ($2.9m) and Project Voyce ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 53% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $5.8m against liabilities of $945k, net assets of $4.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.