Skating Club of Andover Inc

Analysis

Skating Club of Andover Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in January 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Skating Club of Andover Inc reported income of $159k and spending of $176k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $173k to $159k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. 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, Skating Club of Andover Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include CGBD Bingo Booster Club ($159k), Verona United Soccer Assoc Inc ($159k) and Folsom Softball Club ($159k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $7,650 (4.3% of expenses). At year end it held assets of $45k against liabilities of $0, net assets of $45k.