United States Ski Team Foundation

Analysis

United States Ski Team Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in November 1964, 62 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 April 2023, United States Ski Team Foundation reported income of $19.0m and spending of $19.0m, spending 100% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $11.6m to $19.0m (+64%), an average of +18% a year. The sharpest change came in the year to April 2022, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Ski Team Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Wyo Complex ($19.0m), Rinks Foundation ($19.0m) and USA Basketball ($18.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $584k (3.1% of expenses). Other salaries and wages came to $719k. At year end it held assets of $6.6m against liabilities of $5.0m, net assets of $1.6m.