North Reading Skating Association Inc

Analysis

North Reading Skating Association Inc is a registered charity in United States, based in North Reading, MA. It received its IRS tax-exemption ruling in March 2001, 25 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, North Reading Skating Association Inc reported income of $124k and spending of $149k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $182k to $124k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Reading Skating Association Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($124k), Floyd Knobs Community Club Inc ($124k) and Virginia City Motorsports Club ($124k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $193k against liabilities of $109k, net assets of $84k.