Shermalot Water Ski Club Inc

Analysis

Shermalot Water Ski Club Inc is a registered charity in United States, based in Wisc Rapids, WI. It received its IRS tax-exemption ruling in August 2014, 12 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, Shermalot Water Ski Club Inc reported income of $114k and spending of $49k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $114k (-5.7%), an average of -5.7% a year. Over the whole period it spent 40% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shermalot Water Ski Club Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Local Charity Fund Inc ($114k), CWS Camps ($114k) and Bartlett Athletic & Recreation Association ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 68% of the total. At year end it held assets of $486k against liabilities of $0, net assets of $486k.