Forestwood Skating Club Inc

Analysis

Forestwood Skating Club Inc is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in December 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 August 2023, Forestwood Skating Club Inc reported income of $339k and spending of $387k, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $543k to $339k (-38%), an average of -11% a year. The sharpest change came in the year to August 2022, when income rose by 147%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Forestwood Skating Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Adventure Soccer ($339k), Rocklin Youth Baseball Inc ($339k) and Atlanta Memorial Park Conservancy Inc ($339k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $263k against liabilities of $0, net assets of $263k.