Figure Skating Club of Park City Inc

Analysis

Figure Skating Club of Park City Inc is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in February 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Figure Skating Club of Park City Inc reported income of $208k and spending of $150k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $177k to $208k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Figure Skating Club of Park City Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within UT. Charities of a similar size with the same main cause include Links to Freedom ($208k), Edgemont S C Inc ($208k) and Little League Baseball Inc ($208k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $3,600 (2.4% of expenses). At year end it held assets of $316k against liabilities of $0, net assets of $316k.