Hayden Synchronized Skating Teams Inc

Analysis

Hayden Synchronized Skating Teams Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in June 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 April 2023, Hayden Synchronized Skating Teams Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.4m to $2.1m (+56%), an average of +12% a year. The sharpest change came in the year to April 2022, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hayden Synchronized Skating Teams Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Scotch Plains - Fanwood Soccer Association ($2.1m), New Richmond Area Centre Ltd ($2.1m) and Marthas Vineyard Agricultural Society ($2.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $272k (13% of expenses). Other salaries and wages came to $191k. At year end it held assets of $969k against liabilities of $575k, net assets of $393k. It reported 13 employees.