Wonder Lake Water Ski Show Team

Analysis

Wonder Lake Water Ski Show Team is a registered charity in United States, based in Wonder Lake, IL. It received its IRS tax-exemption ruling in October 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Wonder Lake Water Ski Show Team reported income of $146k and spending of $124k, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $151k to $146k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to September 2020, when income dropped by 48%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wonder Lake Water Ski Show Team sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Treasure Coast Community Singers ($146k), The Patrons of the Arts in the Vatican Museums Inc ($146k) and Cekpet ($146k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $606k against liabilities of $4,900, net assets of $601k.