Passes our checks

New York Harbor Sailing Foundation

EIN 13-3753257 · Jersey City, NJ

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO FOSTER AMATEUR SAILING OF NATIONAL AND INTERNATIONAL IMPORTANCE IN NEW YORK HARBOR

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 12% of charities in its peer group (recreation and sports, $250k to $1m).

Reserves
4 of 35
Spendable reserves would cover 0.3 months of spending.
Debt
16 of 20
It owes 19% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 50% of income.
Income trend
15 of 15
Income rose 40% on the year before.
Spending floor
15 of 15
98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 41 out of 100. Higher than 16% of charities in its peer group (recreation and sports, $250k to $1m).

Independent board
18 of 25
4 of 4 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)

$146,084 spent. OPERATION OPTIMIST - A YOUTH TRAINING PROGRAM IN NEW YORK HARBOR USING INTERNATIONALLY RECOGNIZED OPTIMIST CLASS DINGHIES. 10 WEEK PROGRAM WITH 25 KIDS PER WEEK. SOME KIDS DO 1 WEEK, SOME TWO, ETC. AND SOME ALL SUMMER. IN 2024 THERE WERE 35 TOTAL PARTICIPANTS.
$231,907 spent. AMERICA'S CUP 12 METER "AMERICA II" - OPERATED THIS HISTORIC VESSEL IN NEW YORK HARBOR AS A SYMBOL OF THE HARBOR'S GROWTH AND RESURGENCE FOSTERED BY OUR FOUNDATION. IN 2024, 200 SUPPORTERS OF THE ORGANIZATION GOT TO SAIL ON THE AMERICA II TO VIEW THE HARBOR'S DEVELOPMENT.
$470 spent. 12 METER REGATTA WAS A WEEKEND EVENT IN WHICH THE 12 METERS RACED AGAINST EACH OTHER AND 12 PEOPLE (PER BOAT) WERE ALLOWED TO BUY A TICKET TO RACE ON ONE OF THE BOATS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2024 for not filing returns for three years, and reinstated on May 15, 2024.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.