Cape Ann Figure Skating Club Inc

Analysis

Cape Ann Figure Skating Club Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in November 1993, 33 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 2024, Cape Ann Figure Skating Club Inc reported income of $88k and spending of $80k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $92k to $88k (-3.9%), an average of -3.9% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Ann Figure Skating Club Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Fountain of Life Rescue Inc ($88k), PTA California Congress of Parents Teachers & Students Inc ($88k) and Hung Sa Dahn ($88k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.