Sailing Foundation
EIN: 237119643 · Kirkland, WA
| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $145K |
| Net Assets | $304K |
Is Sailing Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sailing Foundation
Sailing Foundation (EIN: 237119643) is a nonprofit organization based in Kirkland, WA. The organization reported total revenue of $156K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sailing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sailing Foundation is a small nonprofit that has been operating for 55 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $145K |
| Surplus / Deficit | $-10,902 |
| Total Assets | $307K |
| Total Liabilities | $3K |
| Net Assets | $304K |
| Operating Margin | -8.1% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 25.4 months |
Financial Health Grade: B
In 2023, Sailing Foundation reported a deficit of $11K with expenses exceeding revenue, holds 25.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Sailing Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.5% | +17.1% | +8.7% |
| 2022 | -43.0% | -3.6% | -22.1% |
| 2021 | +180.0% | +40.6% | +22.0% |
| 2020 | -51.6% | -46.1% | -1.1% |
| 2019 | -24.5% | -2.5% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sailing Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sailing Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Sailing Foundation
Is Sailing Foundation a legitimate charity?
Sailing Foundation (EIN: 237119643) is a registered tax-exempt nonprofit based in Washington. It has 11 years of IRS 990 filings on record. Total revenue: $156K. No red flags identified. Financial health grade: B.
How does Sailing Foundation spend its money?
Sailing Foundation reported $156K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sailing Foundation tax-deductible?
Sailing Foundation is registered as a tax-exempt nonprofit (EIN: 237119643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sailing Foundation located?
Sailing Foundation is headquartered in Kirkland, Washington and files with the IRS under EIN 237119643.
How many years of IRS 990 filings does Sailing Foundation have?
Sailing Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $156K in total revenue.
Filing History
IRS 990 filing history for Sailing Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Sailing Foundation's revenue has grown by 136.6%, moving from $57K to $134K. Total assets decreased by 16.1% over the same period, from $366K to $307K. Total functional expenses rose by 437.6%, from $27K to $145K. In its most recent filing year (2023), Sailing Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $3K in liabilities against $307K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $304K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $145K | $307K | $3K | — | — |
| 2022 | $93K | $124K | $282K | $0 | — | View 990 |
| 2021 | $164K | $128K | $362K | $0 | — | View 990 |
| 2020 | $58K | $91K | $297K | $0 | — | View 990 |
| 2019 | $121K | $169K | $300K | $0 | — | View 990 |
| 2018 | $160K | $173K | $314K | $0 | — | View 990 |
| 2017 | $149K | $156K | $364K | $0 | — | View 990 |
| 2016 | $89K | $152K | $359K | $0 | — | View 990 |
| 2015 | $109K | $139K | $404K | $0 | — | View 990 |
| 2014 | $122K | $71K | $440K | $50 | — | View 990 |
| 2013 | $57K | $27K | $366K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $145K, and assets of $307K (revenue +43.5% year-over-year).
- 2022: Revenue of $93K, expenses of $124K, and assets of $282K (revenue -43.0% year-over-year).
- 2021: Revenue of $164K, expenses of $128K, and assets of $362K (revenue +180.0% year-over-year).
- 2020: Revenue of $58K, expenses of $91K, and assets of $297K (revenue -51.6% year-over-year).
- 2019: Revenue of $121K, expenses of $169K, and assets of $300K (revenue -24.5% year-over-year).
- 2018: Revenue of $160K, expenses of $173K, and assets of $314K (revenue +7.4% year-over-year).
- 2017: Revenue of $149K, expenses of $156K, and assets of $364K (revenue +67.1% year-over-year).
- 2016: Revenue of $89K, expenses of $152K, and assets of $359K (revenue -17.9% year-over-year).
- 2015: Revenue of $109K, expenses of $139K, and assets of $404K (revenue -11.2% year-over-year).
- 2014: Revenue of $122K, expenses of $71K, and assets of $440K (revenue +116.0% year-over-year).
- 2013: Revenue of $57K, expenses of $27K, and assets of $366K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sailing Foundation:
Data Sources and Methodology
This transparency report for Sailing Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.