Chippewa Lake Water Ski Show Team Inc

Analysis

Chippewa Lake Water Ski Show Team Inc is a registered charity in United States, based in Chippewa Lake, OH. It received its IRS tax-exemption ruling in March 2003, 23 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, Chippewa Lake Water Ski Show Team Inc reported income of $72k and spending of $44k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $72k (-3.3%), an average of -3.3% a year. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chippewa Lake Water Ski Show Team Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Rio Mesa Athletic Boosters Club ($72k), Walton Volleyball Booster Club ($72k) and St Clair Shores Youth Soccer League ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 21% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.