Olympic Valley Freeride and Freestyle Team

Analysis

Olympic Valley Freeride and Freestyle Team is a registered charity in United States, based in Olympic Valley, CA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Olympic Valley Freeride and Freestyle Team reported income of $900k and spending of $854k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $413k to $900k (+118%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olympic Valley Freeride and Freestyle Team sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Camp Odayin ($899k), Dunwoody Senior Baseball Inc ($900k) and Bismarck Figure Skating Club Inc ($899k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 86% of the total. Other salaries and wages came to $451k. At year end it held assets of $272k against liabilities of $4,585, net assets of $268k. It reported 34 employees.