Skating Institute of Rochester Inc

Analysis

Skating Institute of Rochester Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 2014, 12 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 September 2023, Skating Institute of Rochester Inc reported income of $606k and spending of $604k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $525k to $606k (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Skating Institute of Rochester Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include The Plaza Arts Center Inc ($606k), Camp Dudley Foundation Inc ($606k) and Houston Dressage Society Inc ($605k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.1% and program service revenue 94% of the total. Other salaries and wages came to $165k. At year end it held assets of $583k against liabilities of $1.0m, net assets of -$443k. It reported 15 employees.