North Atlantic Figure Skating Club

Analysis

North Atlantic Figure Skating Club is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in January 1999, 27 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, North Atlantic Figure Skating Club reported income of $321k and spending of $277k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $192k to $321k (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Atlantic Figure Skating Club sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Delran Athletic Association ($321k), Classic Auto Rides Inc ($321k) and Utah County Football Conference ($321k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 13 employees.