Kiwanis Ski Club Inc

Analysis

Kiwanis Ski Club Inc is a registered charity in United States, based in Iron Mountain, MI. It received its IRS tax-exemption ruling in May 2017, 9 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 March 2024, Kiwanis Ski Club Inc reported income of $521k and spending of $572k, spending 110% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $411k to $521k (+27%), an average of +6.1% a year. The sharpest change came in the year to March 2022, when income rose by 228%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kiwanis Ski Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Dunbar Athletic Boosters Club Incorporation ($521k), Aasb Elite Basketball Inc ($521k) and West Chester Lacrosse Association ($520k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 15% and program service revenue 80% of the total. It paid $1,334 in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $3.1m, net assets of $210k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.