Colorado Ski Museum Inc

Analysis

Colorado Ski Museum Inc is a registered charity in United States, based in Vail, CO. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, Colorado Ski Museum Inc reported income of $314k and spending of $450k, spending 143% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $611k to $314k (-49%), an average of -15% a year. The sharpest change came in the year to April 2022, when income rose by 343%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Ski Museum Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Blue Water Theatre Company ($314k), Idaho State-Civic Symphony Association Inc ($314k) and Crystal Theatre Inc ($314k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 64% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $126k (28% of expenses). Other salaries and wages came to $89k. At year end it held assets of $5.2m against liabilities of $30k, net assets of $5.2m. It reported 14 employees.