Wakefield Youth Skating Association Inc

Analysis

Wakefield Youth Skating Association Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in April 1994, 32 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 April 2023, Wakefield Youth Skating Association Inc reported income of $293k and spending of $337k, spending 115% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $308k to $293k (-4.8%), an average of -1.6% a year. The sharpest change came in the year to April 2021, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wakefield Youth Skating Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Atlanta Rowing Club Inc ($293k), USA Gymnastics Foundation Inc ($294k) and Oklahoma Athletics Softball Academy Inc ($293k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.1% and program service revenue 92% of the total. At year end it held assets of $94k against liabilities of $68k, net assets of $26k.