Cypress Gardens Water Ski Team Inc

Analysis

Cypress Gardens Water Ski Team Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in September 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, Cypress Gardens Water Ski Team Inc reported income of $251k and spending of $179k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $251k (+11%), an average of +11% a year. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cypress Gardens Water Ski Team Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include United States Saddle Seat Association Inc ($251k), Pacific NW Fury ($251k) and Litchfield Unlimited Corporation ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 31% of the total. At year end it held assets of $254k against liabilities of $24k, net assets of $230k.