New York State Ski Racing Association Inc

Analysis

New York State Ski Racing Association Inc is a registered charity in United States, based in Saratoga Springs, NY. It received its IRS tax-exemption ruling in October 1993, 33 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, New York State Ski Racing Association Inc reported income of $265k and spending of $262k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $266k to $265k (-0.6%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York State Ski Racing Association Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Love Bought International ($265k), A Special Wish Foundation Inc ($265k) and Fort Bend Boys Choir of Texas Inc ($265k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). Other salaries and wages came to $69k. At year end it held assets of $412k against liabilities of $12k, net assets of $400k. It reported 2 employees.