Diamond Peak Ski Education Foundation

Analysis

Diamond Peak Ski Education Foundation is a registered charity in United States, based in Incline VLG, NV. It received its IRS tax-exemption ruling in October 1991, 35 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, Diamond Peak Ski Education Foundation reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $516k to $1.1m (+109%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Diamond Peak Ski Education Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within NV. Charities of a similar size with the same main cause include Solid Rock Ministries Inc ($1.1m), Team Yes Aquatics of Houston ($1.1m) and North American 3 Hockey League ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $605k. At year end it held assets of $474k against liabilities of $31k, net assets of $443k. It reported 24 employees.