Crested Butte Snowsports Foundation

Analysis

Crested Butte Snowsports Foundation is a registered charity in United States, based in Crested Butte, CO. It received its IRS tax-exemption ruling in March 1983, 43 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 2023, Crested Butte Snowsports Foundation reported income of $67k and spending of $100k, spending 149% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $174k to $67k (-62%), an average of -62% a year. The sharpest change came in the year to May 2023, when income dropped by 62%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Crested Butte Snowsports Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within CO. Charities of a similar size with the same main cause include Upper Township Fall Baseball Inc ($67k), Sayville Lacrosse Club ($67k) and Great Southwest Track and Field Classic Inc ($67k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 21% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $18k (18% of expenses). At year end it held assets of $93k against liabilities of $0, net assets of $93k. It reported 1 employees.