American Snowsports Education Assoc Inc - Education Foundation

Analysis

American Snowsports Education Assoc Inc - Education Foundation is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in December 1972, 54 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American Snowsports Education Assoc Inc - Education Foundation reported income of $1.3m and spending of $1.8m, spending 136% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $570k to $1.3m (+129%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Snowsports Education Assoc Inc - Education Foundation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Praise Network Inc ($1.3m), Central Utah Enterprises ($1.3m) and Tuckahoe Montessori School ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 63% of the total. At year end it held assets of $2.3m against liabilities of $6.6m, net assets of -$4.3m.

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.