Skyliners Synchronizer Skating Team Inc

Analysis

Skyliners Synchronizer Skating Team Inc is a registered charity in United States, based in Pelham, NY. It received its IRS tax-exemption ruling in November 2002, 24 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, Skyliners Synchronizer Skating Team Inc reported income of $3.0m and spending of $3.2m, spending 107% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $2.7m to $3.0m (+9.5%), an average of +3.1% a year. The sharpest change came in the year to April 2022, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Skyliners Synchronizer Skating Team Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Indianapolis Youth Hockey Association Inc ($3.0m), Camp Sloane Incorporated ($3.0m) and Eastern College Athletic Conference Inc ($3.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $482k (15% of expenses). Other salaries and wages came to $192k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $666k. It reported 17 employees.