Ski and Snowboard Club Vail

Analysis

Ski and Snowboard Club Vail is a registered charity in United States, based in Vail, CO. It received its IRS tax-exemption ruling in January 1964, 62 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, Ski and Snowboard Club Vail reported income of $8.6m and spending of $9.2m, spending 107% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $8.1m to $8.6m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to April 2020, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ski and Snowboard Club Vail sits at the 95th percentile: it is larger than about 95% of them. 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 Total Healthcare ($8.6m), Nassau County School Cooperative Workers Compensation Self Insrd TR ($8.6m) and 100 Club of Arizona ($8.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $447k (4.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $15.8m against liabilities of $5.1m, net assets of $10.7m. It reported 206 employees.