Sugarloaf Ski Club

Analysis

Sugarloaf Ski Club is a registered charity in United States, based in Carabaset Vly, ME. It received its IRS tax-exemption ruling in April 2018, 8 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 June 2023, Sugarloaf Ski Club reported income of $265k and spending of $184k, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $268k to $265k (-0.9%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sugarloaf Ski Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include El Pasos Miracle League ($265k), Rockford BMX Club Inc ($266k) and Laguna Youth Baseball League Inc ($265k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $45k (24% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.