Charity Search / LUDINGTON YOUTH SAILING SCHOOL INC
Recreation & Sports (N60) 990 on File

LUDINGTON YOUTH SAILING SCHOOL INC

EIN: 46-3594743 · LUDINGTON, MI 49431-0132 · United States · FY 2023 Data
3 out of 5 44 / 100 Based on 2+ years of filings
Financial strength (30%) 71/100
Reliability (20%) 50/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$53K
Total Revenue
$48K
Total Expenses
$45K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 94.0%
Fundraising Efficiency 33.3%
Operating Reserve 11.10x
Liability-to-Asset 0.0%
Revenue Diversification 55.2%
Compared with Peers
FY 2023
Compared with 12,281 similar organizations (United States, Recreation & Sports, under $100K in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
94.0% 91.8%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
33.3% 39.1%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
11.1 mo 10.2 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
55.2% 85.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
-14.5% 4.2%
P10P90
Expense growth
Year over year expense growth
17.9% 6.0%
P10P90
Surplus margin
Surplus as a share of revenue
8.7% 8.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $53K $48K $45K 94.0%
2022 $62K $41K $40K 33.6%
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Organization Details
EIN
46-3594743
State
MI
City
LUDINGTON
ZIP
49431-0132
Classification
N60
Category
Recreation & Sports
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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