Chetek Hydroflites Incorporated

Analysis

Chetek Hydroflites Incorporated is a registered charity in United States, based in Chetek, WI. It received its IRS tax-exemption ruling in May 2013, 13 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 December 2023, Chetek Hydroflites Incorporated reported income of $55k and spending of $54k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $55k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chetek Hydroflites Incorporated sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within WI. Charities of a similar size with the same main cause include 50 All-Stars ($55k), New Albany Lacrosse Association Inc ($55k) and Rim of the World Special Athletes Foundation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $246k against liabilities of $13k, net assets of $233k.