Team Image Synchronized Skating Teams Ltd

Analysis

Team Image Synchronized Skating Teams Ltd is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in September 2011, 15 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 2023, Team Image Synchronized Skating Teams Ltd reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $780k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to March 2021, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Image Synchronized Skating Teams Ltd 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include South Carolina Youth Soccer Association Inc ($1.3m), Edmond Soccer Club Inc ($1.3m) and Rochester MN Sports ($1.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $734k against liabilities of $0, net assets of $734k.