Cochrans Ski Area Inc

Analysis

Cochrans Ski Area Inc is a registered charity in United States, based in Richmond, VT. It received its IRS tax-exemption ruling in February 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2022, Cochrans Ski Area Inc reported income of $674k and spending of $536k, leaving 20% of income unspent that year. Across the 3 years on record, from April 2020 to April 2022, income grew from $548k to $674k (+23%), an average of +11% a year. The sharpest change came in the year to April 2021, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cochrans Ski Area Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within VT. Charities of a similar size with the same main cause include Siouxland Youth Hockey Association Inc ($674k), United States Bowling Congress Inc ($675k) and East Berlin Area Community Center Inc ($674k).

On its Form 990 for the period ending April 2022, revenue came from contributions and grants 35% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $15k (2.8% of expenses). Other salaries and wages came to $167k. At year end it held assets of $1.4m against liabilities of $14k, net assets of $1.4m. It reported 10 employees.