Salt Lake Figure Skating

Analysis

Salt Lake Figure Skating is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 2006, 20 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 2024, Salt Lake Figure Skating reported income of $116k and spending of $103k, spending 89% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $341k to $116k (-66%), an average of -42% a year. The sharpest change came in the year to June 2024, when income dropped by 54%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Salt Lake Figure Skating sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within UT. Charities of a similar size with the same main cause include Recreation Northwest ($116k), North Salem Soccer Club Inc ($116k) and Fair Oaks Dolphins Swim Club Inc ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $262k against liabilities of $3,100, net assets of $259k.