Mad-City Ski Team

Analysis

Mad-City Ski Team is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1998, 28 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, Mad-City Ski Team reported income of $142k and spending of $123k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $142k (+64%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 127% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mad-City Ski Team 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 46th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Nebraska Womens Amateur Golf Association ($142k), San Francisco Gaelic Athletic Association ($142k) and Optimist Club of Fort Worth Youth Fund Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 9.6% of the total. At year end it held assets of $83k against liabilities of $44k, net assets of $39k.