The Skating Club of New York Inc

Analysis

The Skating Club of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Skating Club of New York Inc reported income of $583k and spending of $358k, leaving 39% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $160k to $583k (+266%), an average of +91% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Skating Club of New York Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include United Passaic Organization ($583k), Madison Little League Inc ($583k) and Affordable Residences in Chesterfield ($583k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 62% of the total. At year end it held assets of $376k against liabilities of $17k, net assets of $359k.