Norwood Nuggets Skating Club Inc

Analysis

Norwood Nuggets Skating Club Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in September 1982, 44 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 May 2024, Norwood Nuggets Skating Club Inc reported income of $350k and spending of $351k, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $325k to $350k (+7.8%), an average of +1.9% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Norwood Nuggets Skating Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Green Is the New Blue Inc ($350k), Oswego Youth Tackle Football Inc ($350k) and Central Cross Country Skiing Foundation ($350k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. At year end it held assets of $275k against liabilities of $97k, net assets of $179k.