Warwick Figure Skaters Inc

Analysis

Warwick Figure Skaters Inc is a registered charity in United States, based in Charlestown, RI. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2024, Warwick Figure Skaters Inc reported income of $432k and spending of $409k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $389k to $432k (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Warwick Figure Skaters Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 63rd percentile within RI. Charities of a similar size with the same main cause include Yale Polo and Equestrian Center Inc ($432k), Psva Volleyball Academy Inc ($432k) and Loon Ski Club Inc ($432k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. At year end it held assets of $367k against liabilities of $89k, net assets of $278k.