Lilac City Figure Skating Club

Analysis

Lilac City Figure Skating Club is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 1973, 53 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 December 2023, Lilac City Figure Skating Club reported income of $378k and spending of $296k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $378k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lilac City Figure Skating Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Palestine Senior Citizens Activity Center Inc ($378k), Imperial Volunteer Fire Department ($378k) and San Francisco Choral Society ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 71% of the total. At year end it held assets of $738k against liabilities of $219, net assets of $738k.