The Foundation Steamboat Springs Winter Sports Club

Analysis

The Foundation Steamboat Springs Winter Sports Club is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in August 2004, 22 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 April 2023, The Foundation Steamboat Springs Winter Sports Club reported income of $1.9m and spending of $1.3m, leaving 31% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.5m to $1.9m (+33%), an average of +7.5% a year. The sharpest change came in the year to April 2021, when income rose by 46%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Foundation Steamboat Springs Winter Sports Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Emmaus Aquatic Club ($1.9m), Idyllwild Pines Camp and Conference Center ($1.9m) and Oklahoma Charge Volleyball ($1.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $119k. At year end it held assets of $8.1m against liabilities of $227k, net assets of $7.9m.