Potomac Speedskating Club Inc

Analysis

Potomac Speedskating Club Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 2009, 17 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 March 2024, Potomac Speedskating Club Inc reported income of $383k and spending of $355k, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $270k to $383k (+42%), an average of +9.1% a year. The sharpest change came in the year to March 2022, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Potomac Speedskating Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Wgva Chaos Volleyball Inc ($383k), Friends of the Riverwalk Inc ($383k) and Carroll County Fair & Livestock Show Inc ($383k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $172k against liabilities of $700, net assets of $171k.