Merrimack Valley Skating Club Inc

Analysis

Merrimack Valley Skating Club Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Merrimack Valley Skating Club Inc reported income of $116k and spending of $115k, spending 99% of its income. Across the 3 years on record, from June 2020 to June 2024, income grew from $56k to $116k (+108%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 115%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Merrimack Valley Skating Club Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Evolving Lives Inc ($116k), Iowa Swine Jackpot Association Inc ($116k) and Girls on the Run International ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.