Vermont Adaptive Ski & Sports

Analysis

Vermont Adaptive Ski & Sports is a registered charity in United States, based in Killington, VT. It received its IRS tax-exemption ruling in March 2016, 10 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 October 2023, Vermont Adaptive Ski & Sports reported income of $2.1m and spending of $1.8m, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $2.3m to $2.1m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to October 2022, when income rose by 107%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vermont Adaptive Ski & Sports 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 VT. Charities of a similar size with the same main cause include Oakland Parks and Recreation Foundation ($2.1m), Newport Aquatic Center ($2.1m) and Meadowbrook Foundation Inc ($2.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $168k (9.5% of expenses). Other salaries and wages came to $659k. At year end it held assets of $4.7m against liabilities of $59k, net assets of $4.6m. It reported 14 employees.