Loon Ski Club Inc

Analysis

Loon Ski Club Inc is a registered charity in United States, based in Lincoln, NH. It received its IRS tax-exemption ruling in September 2005, 21 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 2024, Loon Ski Club Inc reported income of $432k and spending of $488k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $415k to $432k (+4.0%), an average of +0.8% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. 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, Loon Ski Club Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within NH. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($432k), Yale Polo and Equestrian Center Inc ($432k) and Charlotte Curling Association ($432k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $122k (25% of expenses). Other salaries and wages came to $211k. At year end it held assets of $440k against liabilities of $4,307, net assets of $436k. It reported 45 employees.