Vermont Ski Museum Inc

Analysis

Vermont Ski Museum Inc is a registered charity in United States, based in Stowe, VT. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Vermont Ski Museum Inc reported income of $196k and spending of $222k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $196k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vermont Ski Museum Inc 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 53rd percentile, and in the 44th percentile within VT. Charities of a similar size with the same main cause include Chesed Rachamim Inc ($196k), Rezvan Foundation for Excellence ($196k) and No Frills Fun Run ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $75k (34% of expenses). Other salaries and wages came to $20k. At year end it held assets of $490k against liabilities of $5,234, net assets of $485k. It reported 4 employees.

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.