Ann Arbor Figure Skating Club

Analysis

Ann Arbor Figure Skating Club is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 1997, 29 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, Ann Arbor Figure Skating Club reported income of $1.6m and spending of $1.7m, spending 101% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.2m to $1.6m (+35%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ann Arbor Figure Skating Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Arlington Heights Youth Athletic Association ($1.6m), Compuware Youth Hockey Inc ($1.7m) and Union Sacramento FC ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.9% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $43k (2.6% of expenses). Other salaries and wages came to $429k. At year end it held assets of $821k against liabilities of $260k, net assets of $562k. It reported 62 employees.