New York Ski Education Foundation Inc

Analysis

New York Ski Education Foundation Inc is a registered charity in United States, based in Wilmington, NY. It received its IRS tax-exemption ruling in September 1975, 51 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 August 2023, New York Ski Education Foundation Inc reported income of $3.5m and spending of $3.8m, spending 108% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $3.4m to $3.5m (+3.6%), an average of +1.2% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Ski Education Foundation 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 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Capaces Leadership Institute ($3.5m), Midwest Stone Institute ($3.5m) and Special Needs Schools of Gwinnett Inc ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $4.3m against liabilities of $474k, net assets of $3.9m. It reported 171 employees.