Franconia Ski Club

Analysis

Franconia Ski Club is a registered charity in United States, based in Franconia, NH. It received its IRS tax-exemption ruling in May 1983, 43 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 May 2024, Franconia Ski Club reported income of $837k and spending of $942k, spending 113% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $1.1m to $837k (-23%), an average of -5.1% a year. The sharpest change came in the year to May 2021, when income rose by 111%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franconia Ski Club sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include Lutheran Valley Retreat Inc ($837k), Indy Titans Inc ($837k) and Greater Wichita Area Sports Commission Inc ($837k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.3% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $97k (10% of expenses). Other salaries and wages came to $431k. At year end it held assets of $3.3m against liabilities of $7,905, net assets of $3.3m. It reported 59 employees.