Cloud City Mountain Sports

Analysis

Cloud City Mountain Sports is a registered charity in United States, based in Leadville, CO. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2024, Cloud City Mountain Sports reported income of $82k and spending of $94k, spending 114% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $102k to $82k (-19%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cloud City Mountain Sports sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within CO. Charities of a similar size with the same main cause include Bike Campaign ($82k), Winchester Royals Inc ($82k) and Waldwick Baseball Assocoation ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 72% of the total. At year end it held assets of $106k against liabilities of $2,133, net assets of $104k.