Figure Skating Club of Omaha

Analysis

Figure Skating Club of Omaha is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1995, 31 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 May 2024, Figure Skating Club of Omaha reported income of $241k and spending of $203k, spending 84% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $194k to $241k (+24%), an average of +24% a year. The sharpest change came in the year to May 2024, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Figure Skating Club of Omaha sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within NE. Charities of a similar size with the same main cause include Hotshots Softball of Arizona Inc an Arizona Nonprofit Corporation ($241k), New York Reined Cow Horse Association ($241k) and Jackson Youth Football Association Inc ($240k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.2% and program service revenue 95% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.