Teacup Lake Nordic Club

Analysis

Teacup Lake Nordic Club is a registered charity in United States, based in Hood River, OR. It received its IRS tax-exemption ruling in October 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 August 2023, Teacup Lake Nordic Club reported income of $459k and spending of $427k, spending 93% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $226k to $459k (+103%), an average of +43% a year. The sharpest change came in the year to August 2022, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Teacup Lake Nordic Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OR. Charities of a similar size with the same main cause include Mountaineer Hockey Incorporated ($459k), Lake Agriculture & Youth Fair Association Inc ($460k) and Des Moines Soccer Club ($459k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 75% of the total. Other salaries and wages came to $178k. At year end it held assets of $880k against liabilities of $431k, net assets of $449k. It reported 6 employees.