Northbrook Speed Skating Club

Analysis

Northbrook Speed Skating Club is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Northbrook Speed Skating Club reported income of $98k and spending of $153k, spending 156% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $98k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Northbrook Speed Skating Club sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Southampton Town Police Athletic League Inc ($98k), Mobridge Youth Organization Inc ($98k) and Friends of Feeney Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 32% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.