Okemo Tutorial Program Inc

Analysis

Okemo Tutorial Program Inc is a registered charity in United States, based in Ludlow, VT. It received its IRS tax-exemption ruling in November 1993, 33 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, Okemo Tutorial Program Inc reported income of $2.1m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.6m to $2.1m (+32%), an average of +7.2% a year. The sharpest change came in the year to May 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Okemo Tutorial Program Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include River Heritage Conservancy Inc ($2.1m), Town and Country Optimist Foundation ($2.1m) and Madison United Rugby Inc ($2.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.6% and program service revenue 75% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $266k. It reported 54 employees.