Skating Club of Morris New Jersey Inc

Analysis

Skating Club of Morris New Jersey Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 July 2023, Skating Club of Morris New Jersey Inc reported income of $146k and spending of $144k, spending 99% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $290k to $146k (-50%), an average of -20% a year. The sharpest change came in the year to July 2021, when income dropped by 70%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skating Club of Morris New Jersey 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 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Professional Face-To-Face Fundraising Association ($146k), Naperville Community Charitable Organization Inc ($146k) and The Horse of Many Colors ($146k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 11% and program service revenue 90% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.