The Sailing Foundation Of New York Inc
The Sailing Foundation Of New York Inc reports significant revenue growth and strong asset accumulation with no officer compensation in its latest filing.
EIN: 137308006 · N Palm Beach, FL · NTEE: N70 · Updated: 2026-03-28
Is The Sailing Foundation Of New York Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Sailing Foundation Of New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Sailing Foundation Of New York Inc
The Sailing Foundation Of New York Inc (EIN: 137308006) is a nonprofit organization based in N Palm Beach, FL, classified under NTEE code N70. The organization reported total revenue of $633K and total assets of $598K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sailing Foundation Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Sailing Foundation Of New York Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $433K |
| Surplus / Deficit | +$951K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 68.7% |
| Months of Reserves | 29.3 months |
Financial Health Grade: A
In 2023, The Sailing Foundation Of New York Inc reported a surplus of $951K with revenue exceeding expenses, holds 29.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Sailing Foundation Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2269.7% | +371.8% | +891.2% |
| 2022 | -64.0% | -43.7% | -23.8% |
| 2021 | -7.0% | -20.1% | -0.6% |
| 2020 | -28.6% | -49.4% | -17.4% |
| 2019 | -69.9% | -43.3% | -48.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Sailing Foundation Of New York Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Sailing Foundation Of New York Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $951K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through non-officer roles, which is highly favorable for donor confidence and efficient use of funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for The Sailing Foundation Of New York Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Significant revenue growth in the latest period (2023 revenue of $1,384,074).
- Strong asset accumulation, reaching over $1 million in 2023.
- Consistent reporting of zero liabilities, demonstrating financial stability.
- Expenses significantly lower than revenue in the most recent filing, indicating strong financial management.
Frequently Asked Questions about The Sailing Foundation Of New York Inc
Is The Sailing Foundation Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Sailing Foundation Of New York Inc (EIN: 137308006) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does The Sailing Foundation Of New York Inc spend its money?
The Sailing Foundation Of New York Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Sailing Foundation Of New York Inc tax-deductible?
The Sailing Foundation Of New York Inc is registered as a tax-exempt nonprofit (EIN: 137308006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Sailing Foundation Of New York Inc a good charity?
Based on its financial data, particularly the 2023 filing showing high revenue ($1,384,074) relative to expenses ($433,237), zero officer compensation, and no liabilities, the organization appears to be very well-managed and financially healthy, suggesting it is a good charity.
How does the organization manage its expenses?
In its latest filing (2023), the organization managed its expenses very effectively, spending $433,237 against revenues of $1,384,074, resulting in a substantial surplus. This indicates strong cost control and efficient resource allocation.
What is the trend in the organization's assets?
The organization's assets have shown significant growth, particularly from $106,695 in 2022 to $1,057,532 in 2023, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for The Sailing Foundation Of New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Sailing Foundation Of New York Inc's revenue has grown by 40.7%, moving from $984K to $1.4M. Total assets increased by 258.2% over the same period, from $295K to $1.1M. Total functional expenses fell by 59%, from $1.1M to $433K. In its most recent filing year (2023), The Sailing Foundation Of New York Inc reported a surplus of $951K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $433K | $1.1M | $0 | — | — |
| 2022 | $58K | $92K | $107K | $0 | — | View 990 |
| 2021 | $162K | $163K | $140K | $0 | — | View 990 |
| 2020 | $174K | $204K | $141K | $0 | — | View 990 |
| 2019 | $244K | $403K | $171K | $0 | — | View 990 |
| 2018 | $810K | $712K | $330K | $0 | — | View 990 |
| 2017 | $224K | $169K | $231K | $0 | — | View 990 |
| 2016 | $364K | $409K | $176K | $0 | — | View 990 |
| 2015 | $651K | $674K | $221K | $0 | — | View 990 |
| 2014 | $455K | $555K | $244K | $0 | — | View 990 |
| 2013 | $139K | $194K | $345K | $0 | — | View 990 |
| 2012 | $877K | $773K | $400K | $0 | — | View 990 |
| 2011 | $984K | $1.1M | $295K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $433K, and assets of $1.1M (revenue +2269.7% year-over-year).
- 2022: Revenue of $58K, expenses of $92K, and assets of $107K (revenue -64.0% year-over-year).
- 2021: Revenue of $162K, expenses of $163K, and assets of $140K (revenue -7.0% year-over-year).
- 2020: Revenue of $174K, expenses of $204K, and assets of $141K (revenue -28.6% year-over-year).
- 2019: Revenue of $244K, expenses of $403K, and assets of $171K (revenue -69.9% year-over-year).
- 2018: Revenue of $810K, expenses of $712K, and assets of $330K (revenue +262.0% year-over-year).
- 2017: Revenue of $224K, expenses of $169K, and assets of $231K (revenue -38.5% year-over-year).
- 2016: Revenue of $364K, expenses of $409K, and assets of $176K (revenue -44.0% year-over-year).
- 2015: Revenue of $651K, expenses of $674K, and assets of $221K (revenue +43.2% year-over-year).
- 2014: Revenue of $455K, expenses of $555K, and assets of $244K (revenue +226.7% year-over-year).
- 2013: Revenue of $139K, expenses of $194K, and assets of $345K (revenue -84.1% year-over-year).
- 2012: Revenue of $877K, expenses of $773K, and assets of $400K (revenue -10.9% year-over-year).
- 2011: Revenue of $984K, expenses of $1.1M, and assets of $295K.
Data Sources and Methodology
This transparency report for The Sailing Foundation Of New York Inc 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.