Upper Valley Snowsports Foundation

Analysis

Upper Valley Snowsports Foundation is a registered charity in United States, based in Enfield, NH. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Upper Valley Snowsports Foundation reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $758k to $1.3m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Upper Valley Snowsports Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NH. Charities of a similar size with the same main cause include Middleton Youth Soccer Inc ($1.3m), Michelin Charity Golf Tournament ($1.3m) and Crystal Mountain Alpine Club ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 54% of the total. Other salaries and wages came to $510k. At year end it held assets of $1.1m against liabilities of $413k, net assets of $698k.