Holimont Snowsports Inc

Analysis

Holimont Snowsports Inc is a registered charity in United States, based in Ellicottville, NY. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 April 2023, Holimont Snowsports Inc reported income of $918k and spending of $955k, spending 104% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $732k to $918k (+25%), an average of +7.8% a year. The sharpest change came in the year to April 2022, when income rose by 46%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holimont Snowsports Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include The Living Bank International ($917k), Recon Inc ($918k) and Recoverypeople ($917k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Other salaries and wages came to $451k. At year end it held assets of $576k against liabilities of $22k, net assets of $554k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.