International Water Ski Racing Association Inc

Analysis

International Water Ski Racing Association Inc is a registered charity in United States, based in Boulder City, NV. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Water Ski Racing Association Inc reported income of $74k and spending of $31k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,180 to $74k (+3313%), an average of +3313% a year. The sharpest change came in the year to December 2023, when income rose by 3313%. Over the whole period it spent 46% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International Water Ski Racing Association Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within NV. Charities of a similar size with the same main cause include Waikiki Beachboys Canoe Club ($74k), District of Columbia Aquatics Club Inc ($74k) and West Inverness Recreation and Parks ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $76k against liabilities of $14k, net assets of $61k.