USA Water Ski & Wake Sports Inc

Analysis

USA Water Ski & Wake Sports Inc is a registered charity in United States, based in Auburndale, FL. It received its IRS tax-exemption ruling in June 1990, 36 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, USA Water Ski & Wake Sports Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.8m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Water Ski & Wake Sports Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Texas Legacy Volleyball Club ($1.8m), Westside Metros Soccer Club ($1.8m) and Florida State Parks Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $152k (8.9% of expenses). Other salaries and wages came to $310k. At year end it held assets of $1.7m against liabilities of $469k, net assets of $1.2m. It reported 11 employees.