Marthas Vineyard Figure Skating Club

Analysis

Marthas Vineyard Figure Skating Club is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in September 1990, 36 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 2023, Marthas Vineyard Figure Skating Club reported income of $119k and spending of $116k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $106k to $119k (+12%), an average of +12% a year. 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, Marthas Vineyard Figure Skating Club sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Legends Soccer Club ($119k), Muskego Warriors Youth Basketball Inc ($119k) and Pennsylvania Barge Club ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 87% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.