Wissahickon Skating Club

Analysis

Wissahickon Skating Club is a registered charity in United States, based in Phila, PA. It received its IRS tax-exemption ruling in August 1999, 27 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 May 2023, Wissahickon Skating Club reported income of $2.0m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $3.2m to $2.0m (-39%), an average of -12% a year. The sharpest change came in the year to May 2020, when income dropped by 57%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wissahickon Skating Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Spokane Valley Hub ($2.0m), Hockey East ($2.0m) and East Palo Alto Tennis and Tutoring ($2.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Other salaries and wages came to $544k. At year end it held assets of $4.3m against liabilities of $439k, net assets of $3.8m. It reported 45 employees.