Commonwealth Figure Skating Club Inc

Analysis

Commonwealth Figure Skating Club Inc is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Commonwealth Figure Skating Club Inc reported income of $152k and spending of $138k, spending 91% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $110k to $152k (+38%), an average of +38% a year. The sharpest change came in the year to August 2023, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Commonwealth Figure Skating Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Eagle Peak Alliance ($152k), For the City Inc ($152k) and Young Veterans Inc ($152k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.