Kirkwood Ski Education Foundation

Analysis

Kirkwood Ski Education Foundation is a registered charity in United States, based in S Lake Tahoe, CA. It received its IRS tax-exemption ruling in July 1986, 40 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 2023, Kirkwood Ski Education Foundation reported income of $619k and spending of $539k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $344k to $619k (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kirkwood Ski Education Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Hillmont Incorporated ($619k), Flagstaff Soccer Club ($619k) and Schenectady Youth Hockey Association Inc ($619k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $75k (14% of expenses). Other salaries and wages came to $161k. At year end it held assets of $1.0m against liabilities of $15k, net assets of $1.0m. It reported 32 employees.