Pilgrim Skating Arena Inc

Analysis

Pilgrim Skating Arena Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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, Pilgrim Skating Arena Inc reported income of $3.4m and spending of $3.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.4m (+5.5%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pilgrim Skating Arena Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Bijou Theater Center ($3.4m), Eden I & R Inc ($3.4m) and USA Powerlifting Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $303k (10% of expenses). Other salaries and wages came to $840k. At year end it held assets of $12.7m against liabilities of $270k, net assets of $12.5m. It reported 30 employees.