Franklin Ski & Outing Club Inc

Analysis

Franklin Ski & Outing Club Inc is a registered charity in United States, based in W Farmington, ME. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franklin Ski & Outing Club Inc reported income of $374k and spending of $433k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $430k to $374k (-13%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin Ski & Outing Club Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Faithful Workouts ($373k), Belmont Soccer Association Inc ($374k) and Quinsigamond Rowing Association Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $87k (20% of expenses). Other salaries and wages came to $65k. At year end it held assets of $402k against liabilities of $2,658, net assets of $399k. It reported 41 employees.