Waterbugs Ski Club Inc

Analysis

Waterbugs Ski Club Inc is a registered charity in United States, based in Muskego, WI. It received its IRS tax-exemption ruling in June 2003, 23 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 September 2023, Waterbugs Ski Club Inc reported income of $137k and spending of $184k, spending 134% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $119k to $137k (+16%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waterbugs Ski Club Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within WI. Charities of a similar size with the same main cause include American Youth Football Inc ($137k), Juli Inkster Foundation ($138k) and Camp Lockett Event and Equestrian Facility ($137k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 65% of the total. At year end it held assets of $24k against liabilities of $63k, net assets of -$39k.