Prior Lake Water Ski Association

Analysis

Prior Lake Water Ski Association is a registered charity in United States, based in Prior Lake, MN. It received its IRS tax-exemption ruling in September 2005, 21 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, Prior Lake Water Ski Association reported income of $258k and spending of $247k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $258k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Prior Lake Water Ski Association 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 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include U I L Region XV Music Executive Committee ($258k), East Valley Baseball Inc ($258k) and Great Bay Rowing Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 36% of the total. At year end it held assets of $813k against liabilities of $126k, net assets of $686k. It reported 8 employees.