Lake Chelan Ski Club

Analysis

Lake Chelan Ski Club is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in October 2022, 4 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 October 2023, Lake Chelan Ski Club reported income of $249k and spending of $179k, leaving 28% of income unspent that year. Across the 3 years on record, from October 2021 to October 2023, income grew from $235k to $249k (+6.0%), an average of +3.0% a year. The sharpest change came in the year to October 2023, when income rose by 76%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Chelan Ski Club sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Williston Sea Lions Inc ($249k), Skaneateles Youth Hockey Association Inc ($249k) and Scarsdale Youth Basketball Inc ($249k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $65k. At year end it held assets of $374k against liabilities of $10k, net assets of $364k. It reported 29 employees.