USA Bobsled Skeleton Inc

Analysis

USA Bobsled Skeleton Inc is a registered charity in United States, based in Clarence Ctr, NY. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 June 2024, USA Bobsled Skeleton Inc reported income of $3.6m and spending of $3.5m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.1m to $3.6m (+16%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, USA Bobsled Skeleton Inc sits at the 90th percentile: it is larger than about 90% 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 Western Hills Youth Soccer Association ($3.6m), Dream Home Care Inc ($3.6m) and The Fuse Network ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $338k (9.6% of expenses). Other salaries and wages came to $858k. It paid $17k in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $682k, net assets of $5.1m. It reported 19 employees.