Wolfeboro Cross Country Ski Association

Analysis

Wolfeboro Cross Country Ski Association is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Wolfeboro Cross Country Ski Association reported income of $272k and spending of $56k, leaving 79% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $101k to $272k (+169%), an average of +169% a year. The sharpest change came in the year to May 2023, when income rose by 169%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wolfeboro Cross Country Ski Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within NH. Charities of a similar size with the same main cause include Corning Community School Education Foundation ($272k), Osceola Chamber Main Street ($272k) and Natick Center Associates Inc ($272k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. At year end it held assets of $531k against liabilities of $0, net assets of $531k.