DC Edge Adult Synchronized Skating Teams

Analysis

DC Edge Adult Synchronized Skating Teams is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in January 2010, 16 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, DC Edge Adult Synchronized Skating Teams reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $906k to $1.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to March 2022, when income rose by 93%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, DC Edge Adult Synchronized Skating Teams sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Friends of American Lake Veterans Golf Course ($1.2m), Silicon Valley Soccer Academy ($1.2m) and United States Sailing Center of Martin County Inc ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $151k (13% of expenses). At year end it held assets of $163k against liabilities of $49k, net assets of $114k. It reported 2 employees.