Lake City Skiers Inc

Analysis

Lake City Skiers Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. 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 December 2023, Lake City Skiers Inc reported income of $306k and spending of $257k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $121k to $306k (+152%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake City Skiers Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Environmental Studies Council Inc Tua ($306k), Pathos Labs ($306k) and Louisiana Veterans Research Corp ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $253k against liabilities of $53k, net assets of $201k.