Grand Traverse Ski Club & Patrons

Analysis

Grand Traverse Ski Club & Patrons is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in May 1979, 47 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 June 2023, Grand Traverse Ski Club & Patrons reported income of $233k and spending of $248k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $176k to $233k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Traverse Ski Club & Patrons sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Trust U/W E Sawyer Cummings ($233k), Dr Richard Barnett Foundation Inc ($233k) and South Carolina First Steps to School Readiness Board of Trustees ($233k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $20k (8.2% of expenses). At year end it held assets of $70k against liabilities of $0, net assets of $70k.