New England Amateur Skating Foundation Inc

Analysis

New England Amateur Skating Foundation Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 December 2023, New England Amateur Skating Foundation Inc reported income of $282k and spending of $319k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $662k to $282k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Amateur Skating Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within RI. Charities of a similar size with the same main cause include TLC Foundation for the Blind ($282k), East Metro Stars Youth Hockey Association ($282k) and Oglethorpe Echo Legacy Incorporated ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $10k (3.1% of expenses). At year end it held assets of $526k against liabilities of $0, net assets of $526k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.