Chain-O-Lakes Water Ski Club Inc

Analysis

Chain-O-Lakes Water Ski Club Inc is a registered charity in United States, based in King, WI. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Chain-O-Lakes Water Ski Club Inc reported income of $185k and spending of $19k, leaving 90% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $5,238 to $185k (+3430%), an average of +494% a year. The sharpest change came in the year to December 2023, when income rose by 498%. Over the whole period it spent 14% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Chain-O-Lakes Water Ski Club Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within WI. Charities of a similar size with the same main cause include Friends of Suenos ($185k), Iswf Broadcastin Network Inc ($185k) and Detroit Red Wings Alumni Association Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 4.0% of the total. At year end it held assets of $510k against liabilities of $0, net assets of $510k.