Snowbird Sports Education Foundation Inc

Analysis

Snowbird Sports Education Foundation Inc is a registered charity in United States, based in Cottonwood Heights, UT. It received its IRS tax-exemption ruling in July 1979, 47 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 June 2023, Snowbird Sports Education Foundation Inc reported income of $2.1m and spending of $1.9m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.1m (+63%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Snowbird Sports Education Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within UT. Charities of a similar size with the same main cause include Greater San Antonio After-School All Stars ($2.1m), Maine Special Olympics ($2.1m) and Wasatch Thunder Youth Athletics Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $126k (6.8% of expenses). Other salaries and wages came to $983k. At year end it held assets of $807k against liabilities of $526k, net assets of $281k. It reported 90 employees.