Vasa Ski Club

Analysis

Vasa Ski Club is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 2015, 11 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 September 2023, Vasa Ski Club reported income of $124k and spending of $125k, spending 101% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $82k to $124k (+50%), an average of +50% a year. The sharpest change came in the year to September 2023, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vasa Ski Club sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Spring-Klein Wrestling Club ($124k), Keller Lacrosse Association ($124k) and Helena Amateur Softball Association Incorporated ($124k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 22% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.