Backwater Gamblers Waterski Club Inc

Analysis

Backwater Gamblers Waterski Club Inc is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Backwater Gamblers Waterski Club Inc reported income of $199k and spending of $114k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $199k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Backwater Gamblers Waterski Club 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 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Agomoni ($199k), Northampton Arts Council Inc ($199k) and Cultural Impact Foundation Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.