Blue Mound Figure Skaters Inc

Analysis

Blue Mound Figure Skaters Inc is a registered charity in United States, based in Luverne, MN. It received its IRS tax-exemption ruling in September 2004, 22 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 July 2024, Blue Mound Figure Skaters Inc reported income of $89k and spending of $101k, spending 113% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $82k to $89k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to July 2022, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blue Mound Figure Skaters Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Dutzow Community Club ($89k), Neshannock Hockey Club ($89k) and Hanover Youth Ball ($89k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $23k. At year end it held assets of $1,800 against liabilities of $0, net assets of $1,800.