Granite Peak Ski Team Inc

Analysis

Granite Peak Ski Team Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 March 2024, Granite Peak Ski Team Inc reported income of $141k and spending of $126k, spending 89% of its income. Across the 3 years on record, from March 2022 to March 2024, income fell from $177k to $141k (-21%), an average of -11% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Granite Peak Ski Team Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Small Point Summer School Inc ($141k), Little League Baseball Inc ($141k) and Auxiliary of Baptist Hospital Beaumont Inc ($141k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 13% and program service revenue 73% of the total. At year end it held assets of $148k against liabilities of $209, net assets of $148k.