Far West Skiing Inc

Analysis

Far West Skiing Inc is a registered charity in United States, based in Truckee, CA. It received its IRS tax-exemption ruling in September 1998, 28 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 May 2024, Far West Skiing Inc reported income of $325k and spending of $302k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $233k to $325k (+39%), an average of +8.6% a year. The sharpest change came in the year to May 2022, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Far West Skiing Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include GPL Polo Club Inc ($325k), Waco Rowing Club Inc ($325k) and Mulligans Hollow Ski Bowl Association ($325k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Other salaries and wages came to $58k. At year end it held assets of $186k against liabilities of $0, net assets of $186k. It reported 2 employees.