Steamboat Springs Winter Sports Club Inc

Analysis

Steamboat Springs Winter Sports Club Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in March 1957, 69 years ago. 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 April 2023, Steamboat Springs Winter Sports Club Inc reported income of $6.1m and spending of $6.1m, spending 101% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $4.5m to $6.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to April 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steamboat Springs Winter Sports Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Pickens County Commission on Alcohol and Drug Abuse ($6.1m), Boy Scouts of America ($6.1m) and Home Hospice of Grayson County ($6.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $221k (3.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $1.7m against liabilities of $607k, net assets of $1.1m. It reported 222 employees.