Twin City Figure Skating Association T C F S a

Analysis

Twin City Figure Skating Association T C F S a is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in August 1984, 42 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 June 2024, Twin City Figure Skating Association T C F S a reported income of $105k and spending of $99k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $78k to $105k (+34%), an average of +6.1% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin City Figure Skating Association T C F S a sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Scranton Unico Foundation ($105k), Hillsboro Food Pantry Inc ($105k) and Little League Baseball Inc ($105k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 74% of the total. At year end it held assets of $500k against liabilities of $2,833, net assets of $497k.