Kwahamot Water Ski Club Inc

Analysis

Kwahamot Water Ski Club Inc is a registered charity in United States, based in Tomahawk, WI. It received its IRS tax-exemption ruling in December 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kwahamot Water Ski Club Inc reported income of $67k and spending of $51k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $67k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kwahamot Water Ski Club Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within WI. Charities of a similar size with the same main cause include South Carolina Association of USA Track and Field Inc ($67k), Carroll Rod & Gun Club Inc of Frewsburg New York ($67k) and Northwood Hockey Boosters ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 22% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.