Lauderdale Lakes Aqua Skiers Inc

Analysis

Lauderdale Lakes Aqua Skiers Inc is a registered charity in United States, based in Whitewater, WI. It received its IRS tax-exemption ruling in November 1998, 28 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 October 2023, Lauderdale Lakes Aqua Skiers Inc reported income of $93k and spending of $64k, leaving 31% of income unspent that year. Across the 4 years on record, from October 2020 to October 2023, income grew from $23k to $93k (+312%), an average of +60% a year. The sharpest change came in the year to October 2022, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lauderdale Lakes Aqua Skiers Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within WI. Charities of a similar size with the same main cause include Friends of Wisconsin Singers ($93k), Middlesex County Historical Society ($93k) and Celebrating Patsy Cline ($93k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $132k against liabilities of $81k, net assets of $52k.