Aspen Valley Ski-Snowboard Club Inc

Analysis

Aspen Valley Ski-Snowboard Club Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in November 1965, 61 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 July 2023, Aspen Valley Ski-Snowboard Club Inc reported income of $9.0m and spending of $7.4m, spending 82% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.7m to $9.0m (+57%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aspen Valley Ski-Snowboard Club Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include York County Agricultural Society ($9.0m), Warm Beach Christian Camps & Conference Center ($9.1m) and Hale Education Inc ($9.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 48% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $797k (11% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $11.1m against liabilities of $2.1m, net assets of $9.0m. It reported 202 employees.