Winnipesaukee Skating Club Inc

Analysis

Winnipesaukee Skating Club Inc is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 April 2024, Winnipesaukee Skating Club Inc reported income of $469k and spending of $485k, spending 103% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $388k to $469k (+21%), an average of +4.9% a year. The sharpest change came in the year to April 2022, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winnipesaukee Skating Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within NH. Charities of a similar size with the same main cause include Leadership Columbus ($469k), Northern Lakes Economic Alliance ($469k) and Global Liberty Institute USA ($469k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 4.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 24 employees.