The Aberdeen Aqua Addicts Ski Team

Analysis

The Aberdeen Aqua Addicts Ski Team is a registered charity in United States, based in Aberdeen, SD. It received its IRS tax-exemption ruling in June 1996, 30 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, The Aberdeen Aqua Addicts Ski Team reported income of $66k and spending of $87k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $66k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 145% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Aberdeen Aqua Addicts Ski Team sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 20th percentile within SD. Charities of a similar size with the same main cause include Mad River Pee Wee Football Association ($66k), Newburyport Boys Basketball Association ($66k) and Canton Chiefs Parents Baseball Club ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 22% of the total. At year end it held assets of $392k against liabilities of $14k, net assets of $378k.