Gunstock Nordic Assoc

Analysis

Gunstock Nordic Assoc is a registered charity in United States, based in Gilford, NH. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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 May 2023, Gunstock Nordic Assoc reported income of $53k and spending of $55k, spending 103% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $55k to $53k (-3.8%), an average of -3.8% a year. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gunstock Nordic Assoc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within NH. Charities of a similar size with the same main cause include Alpine Meadows Lake Tahoe Ski Education Foundation ($53k), Lane County Historical Society ($53k) and Christian Information Ministries International ($53k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 32% and program service revenue 44% of the total. At year end it held assets of $340 against liabilities of $1,187, net assets of -$847.