Steamboat Health & Recreation Association

Analysis

Steamboat Health & Recreation Association is a registered charity in United States, based in Steamboat Springs, CO. It received its IRS tax-exemption ruling in December 2006, 20 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 December 2023, Steamboat Health & Recreation Association reported income of $8.3m and spending of $5.9m, leaving 30% of income unspent that year. Across the 6 years on record, from March 2019 to December 2023, income grew from $5.9m to $8.3m (+40%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Steamboat Health & Recreation Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Arkansas State University Red Wolves Foundation Inc ($8.3m), Santa Barbara Bowl Foundation ($8.4m) and Park Pride Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $230k (3.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $24.9m against liabilities of $9.4m, net assets of $15.5m. It reported 317 employees.