Genesee Figure Skating Club Inc

Analysis

Genesee Figure Skating Club Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 2017, 9 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 2024, Genesee Figure Skating Club Inc reported income of $131k and spending of $107k, spending 82% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $86k to $131k (+52%), an average of +11% a year. The sharpest change came in the year to April 2021, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Genesee Figure Skating Club Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Clermont Northeastern Athletic Association ($130k), Eastern Freestyle Competition Committee Inc ($131k) and Sonoma Valley Little League Inc ($130k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.5% and program service revenue 72% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.