Loveland Ski Club Inc

Analysis

Loveland Ski Club Inc is a registered charity in United States, based in Georgetown, CO. It received its IRS tax-exemption ruling in February 1978, 48 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 May 2024, Loveland Ski Club Inc reported income of $1.1m and spending of $1000k, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $840k to $1.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to May 2022, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loveland Ski 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 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Citizens for a Civic Auditorium ($1.1m), Community Nature Connection ($1.1m) and El Dorado Hills Soccer Club ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $121k (12% of expenses). Other salaries and wages came to $472k. At year end it held assets of $401k against liabilities of $37k, net assets of $365k. It reported 54 employees.